However, the influx into the market of unskilled investors could undermine the market responded the Deputy Minister of Finance Sergey Storchak. “88% of people do not know where to flee to if their financial interests are infringed. And if this boom is not matching with the increase in the level of financial education and financial awareness, it can generate the next currency crisis and investors”, says Storchak.
In August, according to the latest data of Rosstat, real disposable incomes fell for the first time since the beginning of the year. The decline was 0.9% versus August last year and 0.7% in July. In real terms disposable income of Russians since the beginning of the year to July grew in the range from 0.1% to 5.5% in the month compared to the same periods last year. At the same time, real wages of Russians, according to statistics, grew much faster — by 7-11%, calculated in Ranepa.
In 2017, the amount of resources placed by households in the stock market exceeded 1 trillion rubles, according to the National Association of securities market participants (NAUFOR) on the basis of a survey of the largest brokers and management companies working with physical persons. The amount of funds received from citizens in the brokerage account in 2017, was not less than 700 billion roubles that twice exceeds a similar indicator of last year (310 billion).