Chernogor I.A.¹ (Omsk, Russian Federation) – ichernogor1986@mail.ru; Samigullin R.M.² (Ufa, Russian Federation) – srm0204@mail.ru

¹Omsk Academy of the Ministry of Internal Affairs of Russia

²Ufa Law Institute of the Ministry of Internal Affairs of Russia

Abstract. Today, teaching the basics of financial literacy has become relevant for a wide variety of age groups – from students to school students, and even preschool children. In kindergartens, special attention is paid to the formation of elementary ideas about financial issues at an early age, financial literacy lessons are introduced in schools, and the discipline of “financial literacy” in institutes. The paper identifies models of financial behavior that are based on the formation and development of the foundations of financial literacy among representatives of different generations, as well as describes similar and different aspects of their approach to financial issues. Methods used in the work: comparative analysis and synthesis, dialectical approach, questioning, questioning, statistical analysis, correlation analysis. The article expressed two hypotheses demonstrating the connection of five generations and the level of their financial literacy, and also showed human behavior depending on belonging to a particular generation. Hypothesis one: there is no relationship between generational affiliation and financial literacy. Hypothesis two: there is a statistically significant relationship between generational affiliation and financial literacy. This paper sets out two assumptions regarding the influence of age and the degree of development of financial knowledge, and also demonstrates how people’s financial behavior may differ due to their belonging to different generations. To indicate the sign, a dichotomous nominal variable with two levels was used, including two values: “yes” (indicates high level) and “no” (reflects low level). The survey data obtained confirmed our hypotheses, and the statistical significance for our study is very strong (0.50), this indicates an association between belonging to a certain generation and the level of financial literacy. The study concluded that at the moment it is important to adapt financial strategies and tools in the field of finance for different generations: from baby boomers to alpha.

Keywords: financial literacy, Bank of Russia, financial culture, level of financial literacy, Internet, generation Z (zoomers), generation Y, generation X, generation alpha, finance, education, training, millennials, baby boomers, financial goals.

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For citation: Chernogor, I. A., & Samigullin, R. M. (2026). Features of the formation of basic concepts of financial literacy in five generations: from baby boomers to alpha. CITISE, (1), 96–108. (In Russian).