Formation of an Ecosystem of Financial Literacy for Young People

Elena N. Pashkova, Natalya I. Bykanova and Evgenia A. Karlovskaya
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Elena N. Pashkova: Belgorod State National Research University
Natalya I. Bykanova: Belgorod State National Research University
Evgenia A. Karlovskaya: Belgorod State National Research University

Economics. Information Technologies, 2026, vol. 53, issue 1, 96-110

Abstract: Young people often lack knowledge and skills in financial management, which increases personal financial risks and negatively impacts the country's economy as a whole. This article explores the role of financial literacy in the socioeconomic development of society and the state, emphasizing the particular importance of raising the level of financial awareness in youth. The authors examine the challenges associated with developing a financial literacy ecosystem in the context of digital transformation, credit availability, and low levels of awareness among the young. They present their perspective on the concept of a "youth financial literacy ecosystem" and identify comprehensive measures to create sustainable conditions for financial stability and well-being among young people, integrating educational programs and collaboration between government, business, and society. The paper presents recommendations for integrating educational initiatives, information resources, family traditions, and regulatory mechanisms to achieve the goal of improving the financial literacy of the younger generation. The findings confirm the need for further research and practical action to effectively develop a financial literacy ecosystem that promotes economic prosperity and social harmony.

Keywords: education; financial literacy; financial culture; ecosystem; symbiosis (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eul:ecoinf:v:53:y:2026:i:1:p:96-110

DOI: 10.52575/2687-0932-2026-53-1-96-110

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