Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)

The research of households financial risks as a factor of regional sustainable development

Authors
Mano Mgeryan, Svetlana Evdokimova, Emma Kuzmina, Julia Kusmartseva
Corresponding Author
Mano Mgeryan
Available Online June 2019.
DOI
https://doi.org/10.2991/cssdre-19.2019.56How to use a DOI?
Keywords
financial risks, insurance, household, steady growth of regions, establishment of limits
Abstract
The article contains an analysis of the household economic activities, which is associated with the characteristic of financial risks. In a market economy, households face risks that have a greater negative impact on the economy. Currently, there is an objective need for risk analysis, it will allow to model and distribute the household budget correctly. The consequences of household financial risks for the regional socio-economic situation are manifested in reduced demand for labor (in particular, unemployment), a sharp decline in household incomes, increased family spending, and a lack of social status in society. Lately in Russia the number of people with incomes below the standard of living has been decreasing, incomes are growing, and the rate of decline in incomes is slowing down. So there is a clear link between the financial risks of households and the economic development of the region. The risk of material insecurity has been increasing (later bankruptcy of a household member) in conditions of instability as a result of a sharp decline in income for objective reasons.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Mano Mgeryan
AU  - Svetlana Evdokimova
AU  - Emma Kuzmina
AU  - Julia Kusmartseva
PY  - 2019/06
DA  - 2019/06
TI  - The research of households financial risks as a factor of regional sustainable development
BT  - Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)
PB  - Atlantis Press
SP  - 280
EP  - 284
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-19.2019.56
DO  - https://doi.org/10.2991/cssdre-19.2019.56
ID  - Mgeryan2019/06
ER  -