WHY ECONOMIC EDUCATION MATTERS FOR YOUNG PEOPLE: BUILDING FINANCIAL LITERACY AND SUSTAINABLE ECONOMIC DEVELOPMENT
Keywords:
Economic education, financial literacy, youth development, sustainable economic development, entrepreneurship, digital economy, economic decision-making.Abstract
Economic education plays a significant role in preparing young people for responsible participation in modern society. As economies become increasingly digital and interconnected, financial literacy, entrepreneurial thinking, and economic awareness have become essential life skills. This article examines the importance of economic education in developing young people's decision-making abilities, improving financial well-being, and promoting sustainable economic growth. The paper also discusses current challenges, including limited financial literacy and unequal access to quality economic education. Finally, it proposes recommendations for strengthening economic education through practical learning, digital tools, and curriculum development. The findings suggest that investing in economic education contributes not only to individual success but also to the long-term prosperity and stability of society.
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References
1.Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5–44.
2.European Commission. (2020). Entrepreneurship Education at School in Europe: National Strategies, Curricula and Learning Outcomes. Brussels: European Union.
3.United Nations. (2015). Transforming our world: The 2030 agenda for sustainable development. New York: United Nations.
4.OECD. Digital Economy Outlook 2024. OECD Publishing.
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