graduate student from 01.01.2024 until now
Moscow, Russian Federation
UDC 33
The financial sovereignty of a state largely depends on its economy's ability to rely on domestic sources of financing and "long-term capital." This article examines the role of long-term household savings in strengthening Russia's financial sovereignty. It analyzes the dynamics and structure of Russian household savings over the past decade, noting their relatively low propensity to save. A comparative review of savings rates in Russia and abroad is conducted. The study analyzes the methods employed by state authorities over the last 20 years to stimulate citizen savings and assesses the outcomes of these initiatives. The main section focuses on the State Program for Long-Term Savings (LTS), analyzing its advantages and risks. The conclusion formulates the findings that further measures are necessary to stimulate the growth of long-term savings: adapting state programs for different population groups and enhancing financial literacy and trust in financial institutions.
long-term savings, financial sovereignty, savings rate, savings behavior, long-term savings program, financial literacy
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