Financial literacy of the population and its impact on sustainable economic development

Financial literacy plays a crucial role in ensuring sustainable economic development by promoting effective personal financial management, increasing savings and investments, and reducing citizens' debt burdens. This article examines the key aspects of financial literacy, its impact on socio-economic processes, and provides examples of successful initiatives aimed at enhancing financial education among the population. Special attention is given to the relationship between financial literacy and sustainable economic growth, including aspects such as reducing social inequality, strengthening financial stability, and supporting innovative activities.