Experts compared the level of savings and investment activity of Russians from different age groups

The index of savings and investment activity of Russian youth (18-34 years old) turned out to be higher than that of older age groups. The results of a joint study by the PSB, the NIFI of the Russian Ministry of Finance and the NAFI Analytical Center were presented on June 18 at the St. Petersburg International Economic Forum.

The average index for the country is 52.5 points out of 100 possible, for young people the indicator is 60. "Young people are ahead of other age groups in almost all indicators — they have the highest rating due to positive assessments of the future prospects of the market, as well as relatively low barriers and a high level of trust in financial market players. At the same time, in terms of investment and savings literacy, young people are only slightly behind the 35-44 age group," the PSB said.

The generation of 45+ lags behind in all respects: older people are more likely to doubt the reliability of the market, assess the risks higher and are less willing to learn new tools.

Vera Podguzova, Senior Vice President and Director of External Relations at PSB, noted that over the past year Russians have become more responsible about saving: the share of those who do not save at all has decreased from 41% to 35%. "Among those who were previously indifferent to savings, some have started saving, which indicates a slight positive shift towards financial discipline. The number of Russians who keep money in "active" forms — on interest—bearing deposits and investments — increased from 23% to 27%, and the amount of funds "under the mattress" decreased from 21% to 18%, which means that the population began to bear less inflationary risks," continued Podguzova.

The cumulative index of investment and savings activity for men is 53 points, for women — 52 points, but women are ahead of men in literacy in this area. This, according to the vice-president of the PSB, indicates more careful financial behavior and greater attention to the basic principles of accumulation.