Over half (51%) of Russians aged 18 to 34 have low levels of financial literacy, while 11% of young people have a high level. This is according to a study conducted by the NAFI analytical center and the Rosgosstrakh Life insurance company.
„Seven out of 10 Russians demonstrate an average or high level of financial literacy, but the structure of this indicator is becoming increasingly unstable: the share of citizens with a low level increased by 4 percentage points over the year to 34%, while those with a high level increased by 5 percentage points to 21%. The most vulnerable group is young people aged 18 to 34: among them, 51% have a low level of financial literacy, and only 11% have a high level“, the materials state.
It is noted that the best indicators of financial literacy are registered among respondents with higher education, residents of large cities and metropolitan areas, as well as employed individuals. “Thus, financial literacy in Russia increasingly depends not only on personal discipline, but also on the environment: access to education, planning habits and daily experience with financial products“, experts emphasize.
According to the NAFI analytical center, the financial literacy index, which reflects a person's ability to wisely manage their personal finances, was 12.61 points in 2025, 0.16 points lower than the level in 2024. This, according to experts, indicates the stability of this indicator in recent years. However, the study showed that the share of people with high and low levels of financial literacy is increasing, while the number of Russians with an average level is decreasing.
“The share of Russians with an average level has decreased to 45%, while both the share of the most “advanced“ citizens and the share of those who remain financially vulnerable have increased. Given the moderate decline in the overall index, this means that the financial behavior of the population is becoming less uniform“, the materials state.
The study also showed that 77% of Russians saved money in some form by 2025, most often through bank savings accounts and deposits (32%). Experts also found that 69% of Russians can calculate interest on a loan, but less than half can correctly calculate simple interest on a deposit (41%) and assess the impact of inflation on the purchasing power of money (44%).
“The level of financial literacy among Russians is relatively stable and, by some indicators, shows steady growth. We see that 70% of Russians now manage a family budget, which is 7 percentage points more than the previous year, and 56% (the same as in 2024) set long-term financial goals. In addition, one in three Russians now has a financial safety net of the right size – for at least three months – (34% versus 27% the previous year)“, analysts noted.