Personality-typological features of financial behavior of young people

One of the forms of human interaction with other subjects is financial relations. The results of the latter may differ in the degree of rationality of the decisions taken. In this regard, the question arises about the influence of personality and typological characteristics of subjects of different age groups on financial behavior in general and financial decisions in particular. The aim of the study was an identification of psychological factors influencing the financial behavior of young people. The material was obtained during the survey of respondents-students of an economic university studying in the 2nd–4th year of bachelor’s and specialist degree courses (the average age of the respondents is 20 years). The total sample size is 230 people, of which 135 people are girls, 95 people are boys. The survey included several stages and assumed an assessment of the impact on the financial behavior of young people of such personal characteristics as extroversion, neuroticism, rationality, conscientiousness, a tendency to cooperate and interact when making financial decisions, value orientations. To identify these qualities and determine the degree of their relationship with the rational financial decisions made, a questionnaire was prepared that includes both factual questions (allows you to identify the rationality of financial decisions) and questions that allow you to identify the personal characteristics of the survey participants. To identify personal characteristics, questionnaires of constructive thinking, Sh. Schwartz, the «Big Five», G. Eysenck, M. Seligman, M. Lusher color test were used. The conducted research makes it possible to identify psychological patterns of financial behavior of the object of study (youth aged 18–22 years) and to propose directions for analyzing psychological factors of rational financial behavior both for this and for other age groups. The analysis showed the presence of the influence of most of the considered personal characteristics on the rationality of financial behavior. The high correlation of the rationality of financial behavior with such features as value characteristics, emotional stability and extroversion. The interrelations of personal characteristics of young people with the level of rationality of their financial behavior are revealed.