9. Aziza V. Yarasheva

Economic Expectations and Saving Strategies of the Russian Population

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Aziza V. Yarasheva

Chief Researcher of the Institute of Social and Economic problems of population of RAS, Doctor of Sociological Sciences, Professor

Nakhimovskiy Ave 32, Moscow, Russian Federation, 117218

Economic expectations and their correlation with the savings strategies of the Russian population reflect a complex set of external and internal individual motives in savings approaches, thus providing a safety cushion to a degree.
Aim. The issue of developing a savings strategy in Russia is crucial for evaluating the values and goals the population associates with their economic expectations.
Tasks. This study aims to examine Russian and foreign approaches to the rational expectations theory, to analyze the dynamics of economic expectations indices, and to identify the characteristic savings strategy of the Russian population.
Methods. This study uses general scientific methods of cognition, including the socioeconomic method. The statistical basis of the study is data from the poll conducted by the Institute of Socio-Economic Studies of Population of the Russian Academy of Sciences, which was commissioned by the State Corporation Deposit Insurance Agency.
Results. The study analyzes the response patterns of those surveyed regarding the organization and savings deposit, identifies major factors affecting the development of the savings strategy in Russia (including low quality of life, low financial awareness, and lack of trust in financial investment tools), and determines that the opinion on the expediency of savings and confidence in the banking system is similar among different social classes.
Conclusions. As the most common form of financial behavior in Russia, savings behavior should be viewed from economic, sociological, and psychological perspectives. Statistical data on the economic expectations index dynamics serve as the basis for the conclusion on the mutual effect of personal predictions of material well-being and the potential for savings.

Keywords: economic expectations of the population, rational expectations theory, economic expectations index dynamics, savings generation, saving strategies, private deposits


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