The specifics of the monetary culture of students

Abstract

In modern society, monetary culture of students plays a significant role in the context of forming their competent financial behavior. The financial sphere is constantly changing and influencing money management, which makes it interesting to study money culture. Based on the existing studies of students' monetary culture, the author's sociological research aimed at studying the monetary culture of student youth was conducted. Students of the Financial University acted as the empirical object of the study. The subject of the study was the peculiarities of monetary culture of student youth. The purpose of the study is to identify the specific features of students' monetary culture. A questionnaire survey (n=434) was chosen for the sociological study. The scientific novelty of the research consists in conducting a study according to the author's methodology aimed at quantitative analysis of the characteristic features of monetary culture in the context of its structural components. The main result of the study can be considered the analysis of monetary culture in the context of its structural components: monetary knowledge, monetary values and monetary behavior. The main conclusion of the study was the identification of fragmented formation of students' monetary culture. The index of cognitive component formation was higher than the index of behavioral component formation. At the same time, a significant part of students has no demonstration of conscious, rational monetary practices and attitudes. Understanding the specifics of monetary culture allows us to analyze the problem areas of student youth in the field of financial management, in this regard, the practical significance of the research results, on the one hand, opens opportunities for further research, and on the other hand, acts as an information base for the creation and implementation of strategies and techniques to improve financial literacy of young people.