Peculiarities of forming the savings by the Russian population in modern conditions

Gulnara N. Kaigorodova


The opportunities for economic growth of a state are largely determined by the level of financial market development and the money supply status. In the economically developed countries, household savings are the main source of temporarily idle funds in financial markets. The article aims to analyze the formation process of savings in households in Russia at the present stage, and to identify the factors that have the greatest impact on this process. It is established that in the economy to date, the effects of shocks from lower energy prices and economic sanctions have been overcome. This is reflected in GDP growth, in the reduction of inflation, and in the positive forecasts of the World Bank. However, the analysis of the indicators of the population cash incomes formation demonstrates that, despite the growth of wages and pensions, real disposable cash income of households is stagnating. In addition, the poverty level of the population does not decrease. All this leads to the fact that the population's savings activity is at a low level. There is also a trend towards an increase in the amount of cash remaining outside the sphere of consumption or investment. This indicates a lack of confidence in the mechanism of the financial market. The paper proposes measures to overcome negative factors affecting the savings activity of households.

Palabras clave

savings; households; financial market; household budget; unemployment; real disposable income.

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