New challenges in changing times: the digital educational support for financial literacy education

Abstract

Globalization, internationalization and international regionalization are the leading trends and the key factors that determine radical shifts and systemic changes in the Russian Federation as well in the other countries to meet quite new perspectives, opportunities and resources for its further cultural, social and economic development in a way of innovations and knowledge society creation. The strategies of social and economic development of the Russian Federation are tightly connected with perspectives of global digitalization, and they have a great impact on the present-day education digital transformation. The article actualizes a problem of financial illiteracy educations and the ways of its improvement by means of digital educational support orientated to development financial competences among students. Quite new educational and pedagogical tools and technologies have recently been introduced in financial education (educational platforms, e-learning, online games, online courses, simulators, digital textbooks, etc.). Under their influence there is a rapid formation and development of new educational environment, virtual and digital. Financial literacy education is becoming more individualized under the influence of its digital transformation. The center of gravity in learning shifts from teaching (instruction) to student activity, therefore, teacher’s professional position in teaching and learning changes. Teaching becomes more virtualized and digitalized under the influence of the virtual and digital educational environment. The functions of digital educational support in financial literacy education are characterized.