DEVELOPMENT OF FINANCIAL LITERACY IN THE CONTEXT OF SOLVING THE PROBLEM OF HOUSEHOLD DEBT LOAD IN THE REPUBLIC OF BURYATIA // BSU bulletin. Education. Personality. Society. - 2021. №1. . - С. 86-92.

DEVELOPMENT OF FINANCIAL LITERACY IN THE CONTEXT OF SOLVING THE PROBLEM OF HOUSEHOLD DEBT LOAD IN THE REPUBLIC OF BURYATIA

DOI: 10.18101/2307-3330-2021-1-86-92 UDK: 338.22

The article is devoted to the relevant objective of developing financial literacy in the context of solving the problem of household debt load in the Republic of Buryatia. We have studied the existing methodological approaches to the definition of this concept; indicators that characterize the household debt load. The article discusses the causes of debt overburden, with special attention paid to one of the main problems — the low level of financial literacy among population. We have proposed a set of measures to solve the problem of huge debt load of the population in the Republic of Buryatia.

financial literacy; household debt load; socio-economic development; living standards; per capita income; average monthly nominal wage; consumer price index; debt to income (DTI).