Olga V. Trybeckaya

Development of financial literacy of the population is one of the primary tasks of the modern state. Russian and foreign scientists have proven that the developed skills and abilities in the field of finance directly affect the state and development of the banking and financial system of the country, the amount of savings of citizens, reduce the degree of uncertainty and risk in the stock market and ultimately lead to an increase in the population’s income and well-being. The aim of this work is to study the state of financial literacy of the population using the example of the Samara region and to develop recommendations for the implementation of further measures to improve it. To achieve this goal, such research methods as analysis and synthesis, induction, deduction, comparison, and others were used. The article presents the leading approaches to defining financial literacy, confirms the relationship between progressive economic growth and a high level of formation of financial knowledge and skills among the population. The example of the Samara Region shows that within the framework of the implementation of the Strategy for Improving Financial Literacy, financial knowledge and skills were formed, mainly among schoolchildren, which indicates a violation of the continuity of financial education of citizens and ultimately negatively affects the level of economic development of the region. Technological progress significantly changes the situation around the world and affects the labor market and productivity, as stated in the report of the Russian office of the World Bank "Russian Federation. New Skills for a New Century: Regional Policy". The report notes that the development of such cognitive skills as solving complex problems, as well as socio-behavioral skills, including teamwork, and a combination of competences that promote adaptability (for example, logical financial thinking and self-confidence, including economic ones), is becoming increasingly relevant for successful participation in labor activities and expanding career opportunities. Many countries begin to improve their education systems, adjusting them to modern requirements for teaching these skills. The necessary changes concern all levels of education, including preschool level. Russia is among the 25 countries in the world with high scores in mathematics, reading and natural sciences, but lags behind in learning 21st century skills. This gap must be overcome, since the development of such skills will determine the competitiveness of the Russian workforce in the future. The theoretical significance of the study lies in the analysis of modern approaches to the category of "financial literacy" of both Russian and foreign scientists. The practical significance of the study is expressed in the development of recommendations on the directions of further development of the financial literacy among certain categories of the population using the example of the Samara Region.