FINANCIAL LITERACY AND SUSTAINABLE ECONOMIC DEVELOPMENT: AN EMPIRICAL STUDY
Abstract
Financial literacy is a key factor in understanding an individual's financial behavior and
promoting sustainable economic development. This study aims to explore the link between
financial literacy and the sustainable financial behavior of individuals. We gathered primary data
from 120 respondents using a structured questionnaire. The results indicate that financial literacy
positively influences savings behavior, the use of digital finance, and consumer spending on
sustainable products. Individuals with good financial literacy are better at financial planning and
tend to adopt more economically sustainable behaviors. If individuals are guided correctly,
financial literacy can contribute to sustainable economic development.
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