Author(s): Oliver Bougette
Economic literacy is essential for empowering individuals to make informed financial decisions that affect their daily lives and long-term wellbeing. This article explores the importance of economic education in bridging the knowledge gap, enhancing financial decision-making, and promoting economic stability. It examines common challenges faced by individuals with limited economic understanding, the role of education systems, and practical strategies to improve economic literacy across diverse populations. The article also highlights the benefits of economic literacy for personal finance management, consumer behavior, and broader economic outcomes.