Financial Literacy as a Catalyst for Sustainable Development: Linking Financial Education to the Achievement of the Sustainable Development Goals

Patricia Bachiller; Emilio Martín Vallespín

doi:10.55845/jos-2026-21195

Authors

Patricia Bachiller University of Zaragoza https://orcid.org/0000-0001-6661-1128
Emilio Martín Vallespín University of Zaragoza https://orcid.org/0000-0003-4315-0642

DOI:

https://doi.org/10.55845/jos-2026-21195

Keywords:

Financial Literacy, Economic Stability, Vulnerable Groups, Sustainable Development Goals (SDGs), Robust Governance

Abstract

Financial literacy has traditionally been studied as a key determinant of individual financial decision-making, wealth accumulation, and long-term economic well-being. However, its potential contribution to sustainable development remains comparatively underexplored in the academic literature. Drawing on evidence from previous empirical and conceptual studies, this study proposes a framework to understand the relationship between financial literacy and sustainable development, highlighting the mechanisms through which financial literacy may contribute to the achievement of selected United Nations Sustainable Development Goals (SDGs), particularly in terms of economic resilience, social inclusion, and intergenerational sustainability. The literature suggests that financial literacy may support sustainable development through its association with savings behaviour, financial inclusion, retirement preparedness, and long-term decision-making. By bringing together evidence that has largely remained fragmented across different research streams, the study highlights the potential role of financial education as a public policy instrument within broader sustainability and governance frameworks.

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Author Biographies

Patricia Bachiller, University of Zaragoza

Full Professor of Finance.

Accounting and Finance Department
Emilio Martín Vallespín, University of Zaragoza

Associate Professor of Accounting.

Accounting and Finance Department

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