THE LEVEL OF LIFE AND FINANCIAL PRACTICES OF THE RUSSIAN YOUTH
Basing on the materials of the representative sociological survey held by the Institute of the social analysis and forecasting of RANEPA in 2019 among Russian young people in the age of 18-35, the spread of financial practices implemented by various population groups of appropriate age aimed at maintenance and enhancement of the achieved level of life has been analyzed. It has been shown that the youth is intensively showing the attitudes that tie together the opportunities of financial status increase with implementation of effective individual strategies of socio-economic behavior demonstrating quite high level of social optimism; meanwhile financial behavior is the important form of socio-economic activity which the significant part of young people are involved in. The study has revealed that 46% of the young generation have loans, while 26% of respondents have the average and higher level of loan burden. The integral assessment of loan and saving behavior shows that the group of financial distress, consisting of those who have not formed savings and have unpaid loans, is 31% of young people; meanwhile 43% of young people have savings, including those 27% who have not burden of unpaid loans. The older young men are, the lower is getting the level of social optimism, and the actuality of financial behavior risks is increasing, which is shown by limits of effective socio-economic practices implementation and opportunities of young people’s vertical mobility in the existing institutional environment.