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Sustainability
Volume 14
Issue 21
10.3390/su142114013
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Article

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

by
Dainora Gedvilaitė
1,
Tadas Gudaitis
2,*,
Giedrė Lapinskienė
1,
Justinas Brazaitis
2,
Jurgis Žižys
2 and
Askoldas Podviezko
3,4
1
Faculty of Economics, Vilniaus Kolegija/University of Applied Sciences, LT-01141 Vilnius, Lithuania
2
Business School, Vilnius University, LT-10225 Vilnius, Lithuania
3
Faculty of Public Governance and Business, University of Mykolas Romeris, LT-08303 Vilnius, Lithuania
4
Academic Department of Social Sciences, European Humanitarian University, LT-01126 Vilnius, Lithuania
*
Author to whom correspondence should be addressed.
Sustainability 2022, 14(21), 14013; https://doi.org/10.3390/su142114013
Submission received: 31 July 2022 / Revised: 15 October 2022 / Accepted: 18 October 2022 / Published: 27 October 2022
(This article belongs to the Special Issue Sustainability as an Inevitable Paradigm of Business and Social Relations)
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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 sustainability; sustainability literacy; financial literacy; personal finance management; Baltic states

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MDPI and ACS Style

Gedvilaitė, D.; Gudaitis, T.; Lapinskienė, G.; Brazaitis, J.; Žižys, J.; Podviezko, A. Sustainability Literacy and Financial Literacy of Young People in the Baltic States. Sustainability 2022, 14, 14013. https://doi.org/10.3390/su142114013

AMA Style

Gedvilaitė D, Gudaitis T, Lapinskienė G, Brazaitis J, Žižys J, Podviezko A. Sustainability Literacy and Financial Literacy of Young People in the Baltic States. Sustainability. 2022; 14(21):14013. https://doi.org/10.3390/su142114013

Chicago/Turabian Style

Gedvilaitė, Dainora, Tadas Gudaitis, Giedrė Lapinskienė, Justinas Brazaitis, Jurgis Žižys, and Askoldas Podviezko. 2022. "Sustainability Literacy and Financial Literacy of Young People in the Baltic States" Sustainability 14, no. 21: 14013. https://doi.org/10.3390/su142114013

APA Style

Gedvilaitė, D., Gudaitis, T., Lapinskienė, G., Brazaitis, J., Žižys, J., & Podviezko, A. (2022). Sustainability Literacy and Financial Literacy of Young People in the Baltic States. Sustainability, 14(21), 14013. https://doi.org/10.3390/su142114013

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