Investment and saving strategies of high-income population groups (introduction and conclusion of a monograph by researchers from institute of socio-economic studies of population, RAS)
In the editorial preamble to the authors' text it is pointed out that, though it is understandable that in current (close to critical) social situation analytics pay primary attention to low-income and middle-income population stratum, it does not make less important for economists and sociologists to investigate behavior patterns of high-income population groups, which significantly influence dynamics of effective demand and investment process. The given monograph by the ISESP RAS team partly helps to reduce this research gap. As O.A. Aleksandrova, the head of the research team and one of the title editors, points out, the book describes results of the research conducted by the ISESP RAS team at the end of 2014 in Russian cities (Voronezh, Ekaterinburg, Kazan, Krasnodar, Moscow, Nizhniy Novgorod, Rostov-on-Don and Saint-Petersburg) and presents models of investment and saving behavior of high-income population groups. Influence, of how these citizens estimate situation in the country's banking system and in economy as a whole, on the choice of a particular model is shown; grounding mechanism of forming their opinions and expectations is defined. Approaches of high-income households to choosing a bank or a type of deposit and their willingness for using different channels of investments are analyzed. Approaches of high-income population groups to using loans and pension plans are revealed. The book is aimed at not only financial professionals, researchers, teachers and post-graduate students but also specialists in public sector. As the author puts it, understanding how comparably small high-income groups invest their savings supports developing public policy measures that allow transforming these groups' accumulated savings into constructive direction, i.e. investing it into Russia's economy.