Problems of loan population in Russia

Southwest State University, 50 let Oktyabrya, 94, 305040 Kursk, Russia

^* Corresponding author: olegavto@list.ru

Abstract

The article is devoted to the consideration of such a phenomenon as the debt load of the country’s population on the example of Russia. The term “debt” means the ratio between debt obligations and available income. Assessing the level of debt or, in other words, the debt burden of Russian citizens is relevant, because real disposable incomes have a rather long downward trend, and consumer unsecured lending is becoming more affordable, the amount of debt to Russians to creditors is increasing year by year, while the share of overdue liabilities, although not very large, still poses certain risks. This situation increases the level of debt to citizens, which poses serious challenges for the socio-economic development of the state, since excessive debt burden can lead to a crisis (as, for example, in the USA in 2008). Therefore, it is especially important to soberly assess the level of debt load and take appropriate measures in time to regulate it, in particular, to cool the consumer lending market as the most volatile segment of lending to individuals.