OREANDA-NEWS The share of Russians who have basic knowledge in the field of financial literacy has increased to 72% in six years, according to the website of the Ministry of Finance of the Russian Federation with reference to Deputy Finance Minister Pavel Kadochnikov.

"Today, almost half of Russians save funds in case of unforeseen expenses, and the share of people who have an average or high level of financial literacy and have basic knowledge in this area has increased to 72%," the ministry's website says following the results of the panel session "Strategy for improving financial literacy and financial culture formation until 2030 and the system general education: goals, objectives and tools to achieve them", which took place as part of the Education Day at the International Exhibition and Forum "Russia" at VDNH.

Attention to the issues of improving financial literacy in Russia began to be paid only a few years ago, and over six years of purposeful work, the effect of interaction between state and public institutions has been noticeable, the deputy minister noted. In matters of financial literacy and culture, young people are the most active group of the population, Kadochnikov stressed. "They are the most curious, they are the fastest to try financial services and services, and more than other categories of citizens are interested in what they can do to increase their personal and family finances," he said.

"Due to the development of technology, most financial transactions are carried out by a person on his smartphone. This means that the level of financial knowledge requirements is increasing. And our joint task is also to turn this knowledge into practical skills," the Deputy minister added.