Sustainability Literacy and Financial Literacy of Young People in the Baltic States

Dainora Gedvilaitė, Tadas Gudaitis (), Giedrė Lapinskienė, Justinas Brazaitis, Jurgis Žižys and Askoldas Podviezko
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Dainora Gedvilaitė: Faculty of Economics, Vilniaus Kolegija/University of Applied Sciences, LT-01141 Vilnius, Lithuania
Tadas Gudaitis: Business School, Vilnius University, LT-10225 Vilnius, Lithuania
Giedrė Lapinskienė: Faculty of Economics, Vilniaus Kolegija/University of Applied Sciences, LT-01141 Vilnius, Lithuania
Justinas Brazaitis: Business School, Vilnius University, LT-10225 Vilnius, Lithuania
Jurgis Žižys: Business School, Vilnius University, LT-10225 Vilnius, Lithuania
Askoldas Podviezko: Faculty of Public Governance and Business, University of Mykolas Romeris, LT-08303 Vilnius, Lithuania

Sustainability, 2022, vol. 14, issue 21, 1-15

Abstract: The stream of scientific articles on sustainability, financial literacy, and sustainability literacy shows their importance in the transformation process. New financial instruments with sustainable or green features have been introduced in the financial market. As a result, financial literacy is becoming more complex and the need for sustainability literacy is also increasing. Financial literacy now includes not only the knowledges, attitudes, and behavior of financial well-being but also positive impacts on environmental and social development. This article presupposes financial literacy and sustainability literacy are key instruments for the sustainable development of society. The aim of this article is to analyze the scientific literature on sustainability literacy and financial literacy and investigate the level of sustainability literacy and financial literacy among young people aged 15–30 years in the Baltic states. A systematic review of the literature was carried out followed by a survey, which revealed some differences between Estonia and Latvia and Lithuania in terms of sustainability and financial literacy levels.

Keywords: sustainability; sustainability literacy; financial literacy; personal finance management; Baltic states (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:21:p:14013-:d:955422

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