How Financial Literacy Drives Sustainability: a Theorical approach
DOI:
https://doi.org/10.29105/vtga11.6-1234Keywords:
Financial Literacy, Financial Sustainability, Theory of planned behaviorAbstract
This study examined financial literacy as a driver for promoting sustainable practices at the individual, corporate, and societal levels. It posited that financial education was essential for improving economic well-being and fostering sustainable development, exploring its relationship with financial, social, and environmental sustainability through the theory of planned behavior. Using an exploratory qualitative approach, a review of academic literature and recent related studies was conducted. The findings revealed that financial literacy fostered responsible economic decisions, promoted sustainable investments, and encouraged behaviors aligned with environmental, social, and governance criteria. Furthermore, its multidimensional nature, encompassing financial knowledge, attitudes, awareness, and behaviors, was highlighted. However, obstacles were identified, such as limited educational coverage, gender and age gaps, lack of standardization in educational programs, and socioeconomic constraints. It was concluded that strengthening financial literacy was a fundamental strategy for achieving sustainable development. To achieve this, it was crucial to integrate educational programs into public policies and coordinate actions between governments, academic institutions, and businesses. This collaboration could foster equity, expand financial inclusion, and promote environmentally responsible behavior, contributing to a more resilient and sustainable society.
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