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Financial Literacy Of The Russian Schoolchildren: Development Problems

The article analyzes certain aspects of the financial literacy development of students of comprehensive schools when they study the basic educational programs at the level of secondary school. The PISA research has actualized a number of issues related to financial education as one of the dominant factors in the development of the financial literacy of the student. The purpose of the study was to identify the typical characteristics of the teaching financial literacy practice in the implementation of secondary school educational programs to specify the results obtained in the course of the OECD international research concerning financial education in Russia. The Social Science is in the focus of the authors’ attention, which is one of the subjects of the secondary school educational programs. The authors present data that were obtained from studying the practice of teaching financial literacy as the implementation of secondary school educational programs on the basis of a questionnaire survey of teachers. The conducted questionnaires of teachers showed that the most frequently used form of work with materials on financial literacy is the solution of problems from the social life situations. The researchers suppose financial and economic component of the Social Science course of the secondary school to have a significant potential for the development of financial literacy of adolescents.