Promoting Financial and Digital Literacy Among Young Professionals
Improving financial literacy among young people is one of the key issues on the agenda for achieving the sustainable development of generations in many countries around the world. Adequate financial literacy not only helps young people to make prudent financial decisions, increases their ability to plan for the long term and improves quality of life, but also helps to minimize risk and therefore supports financial security. At the same time, low or insufficient levels of financial literacy and a lack of appropriate attitudes and skills with regard to financial behaviour increases the vulnerability of each individual, limiting their potential development, and can also negatively impact the stability of society as a whole, jeopardizing the success of an entire generation. A lack of financial competence makes people vulnerable to financial fraud and potentially exposes them to excessive debt and other social problems including depression and burnout. What problems do recent university graduates and young professionals face when starting to earn an income that needs to be saved and invested? How great are the risks young people are exposed to when making investment decisions? What is the role of the employer in improving the financial literacy of young professionals?
