The Bank of Russia conducted a survey, revealing insights into the investment literacy of Russian households. Key findings show that while the majority of retail investors understand the connection between risk and return, 85% of respondents can differentiate between investments and savings. However, 42% mistakenly believe that the government insures private investments, and 23% remain uncertain.
The survey indicates that a significant portion of respondents learned about investing through various modern channels. Over one-third gained knowledge from Telegram channels and social media, an equal number through discussions with friends, and another third relied on bloggers’ advice. Many investors plan to enhance their knowledge in this area over the next year.
The average Russian investor living in a city with over one million inhabitants is a man aged 31 to 45 years with a university degree. Most respondents are employed, with about a third working as employees or specialists, while every tenth respondent is running a business.
The survey also introduces an investment literacy index, offering a new method of evaluating the survey results. This index aims to reflect how wisely households invest their money, considering risks and potential returns. It will be updated every three years to help the Bank of Russia tailor educational projects to adjust investors’ attitudes. The initial measurement of the index stood at 14.79 points out of 25.
