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Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2022-09-19  |  Accepted: 2022-12-14  |  Published: 2022-12-30

Title

Financial literacy of secondary school leavers: a case of Latgale region in Latvia


Abstract

Financial literacy, as a totality of knowledge and skills, provides an opportunity for a person to manage finances successfully, and take rational decisions concerning the choice of various financial services, thus facilitating both individual and public welfare and sustainability. The financial markets have changed along with the financial consumers' awareness. Financial services have become a mass and freely accessible product group, whereas financial institutions have become a part of everyday life for all social groups. Over time, the age of the persons involved in financial processes and evolving consumers of financial services becomes younger and younger. Hence, the need for knowledge and awareness of finances, financial product diversity and related risks is growing more acute for improving financial decision-making. For this reason, financial literacy is acknowledged as a vital life skill globally. The research aims to study, assess, and analyse the financial literacy of secondary school leavers in Latgale.


Keywords

financial literacy, financial literacy index, youth, school learners, secondary school leavers, Latgale


JEL classifications

G32 , G20 , H31 , L26 , M10


URI

http://jssidoi.org/jesi/article/1042


DOI


Pages

544-556


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Čaplinska, Aina
Daugavpils University, Daugavpils, Latvia https://du.lv
Articles by this author in: CrossRef |  Google Scholar

Danileviča, Alina
Daugavpils University, Daugavpils, Latvia https://du.lv
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

2


Issue date

December 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1024  |  PDF downloads: 460

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