Financial Literacy Diagnostic Surveys 2008 and 2009 (Panel)

The Russia Financial Literacy diagnostic survey was undertaken as part of the preparation for the World Bank supported Russia Financial literacy and Financial education program in 2008.

The survey was conducted by the National Agency for Financial Studies (NAFS) in 2008 by request of the World Bank.

The national representative survey was aimed to provide information on the initial level of financial literacy (i.e. financial planning and managing debt, attitudes to/understanding of personal responsibilities and consumer rights in the area of financial services, knowledge of financial products/services, etc.). The survey asked basic questions on features of financial behavior, attitudes to and demand for financial education of the Russian population.