Improving the Financial Knowledge of the Older Generation – The Plekhanov University Experience

Abstract

It is not a secret that the level of social development of some certain society is not least of all characterized by the attitude towards the senior and older people. The problems and challenges faced by these groups of citizens have never been easy to solve, and in the modern world, they became even more complicated. Among the challenges that have become particularly relevant in recent years, the first that is worth mentioning is the accelerated development of technologies, above all – informational ones. Often, senior and older people are not able to adapt quickly to these changes, and at best, they experience problems in their daily life. In the worst case, this situation leads to the fact that these categories of citizens become “lagging behind”, which is especially painful for people who are specialists in their fields. Despite their knowledge and often invaluable experience, their working competencies are rapidly becoming obsolete. This not only significantly hinders the effective work of such people, but also puts them in a vulnerable position in the labour market, and often becomes the cause of personal psychological problems.