Promoting Financial and Digital Literacy Among Young Professionals

05 Jun , 14:00–15:15
International Youth Economic Forum
Pavilion G, conference hall G4

Improving financial literacy among young people is one of the key issues on the agenda for achieving the sustainable development of generations in many countries around the world. Adequate financial literacy not only helps young people to make prudent financial decisions, increases their ability to plan for the long term and improves quality of life, but also helps to minimize risk and therefore supports financial security. At the same time, low or insufficient levels of financial literacy and a lack of appropriate attitudes and skills with regard to financial behaviour increases the vulnerability of each individual, limiting their potential development, and can also negatively impact the stability of society as a whole, jeopardizing the success of an entire generation. A lack of financial competence makes people vulnerable to financial fraud and potentially exposes them to excessive debt and other social problems including depression and burnout. What problems do recent university graduates and young professionals face when starting to earn an income that needs to be saved and invested? How great are the risks young people are exposed to when making investment decisions? What is the role of the employer in improving the financial literacy of young professionals?

David Monastyrsky, Chief Economist, Department of Financial Market Strategic Development; Chairman, Youth Council, Central Bank of the Russian Federation (Bank of Russia)

Muneera Ameer Al-Baker, Youth Advocate, Education Above All Foundation
Anastasia Bednova, Head of the Working Group on Financial Literacy, Coordinating Council at the Public Chamber of the Russian Federation for the Development of Communities of Young Professionals
Veniamin Kaganov, Director, Financial Literacy Development Association
Mikhail Mamuta, Head of Service for Protection of Consumer Rights and Ensuring the Availability of Financial Services, Member of the Board of Directors, Central Bank of the Russian Federation
Yulia Mihaleva, Deputy Director, Russian Quality System (Roskachestvo)

Front row participants
Olga Golyshenkova, President, Association of Civilians and Organizations for Corporate Learning and Development MAKO
Sergei Trukhachev, Deputy Dean of the Faculty of Economics for the Development, Lomonosov Moscow State University