Title:
Financial Literacy Education in Schools: Global Practices and Long-term Effects on Personal Financial Management and Entrepreneurial Capacity

Authors:
Minh Luong Tuan Chu, Kien Trung Nguyen, Viet Nam

Abstract:

This study examines global practices in financial literacy education for pre-university students and evaluates their long-term effects on personal financial management and entrepreneurial capacity. Drawing on international policy reports and empirical research, the paper adopts a multidimensional framework encompassing financial knowledge, skills, attitudes, and behaviors to assess how school-based financial education contributes to financial capability development. The findings suggest that early, structured, and continuous financial education is associated with improved financial decision-making, stronger saving and budgeting behaviors, and enhanced confidence in managing financial risks. Furthermore, emerging evidence indicates a positive relationship between financial literacy, financial self-efficacy, and entrepreneurial intention among young individuals. By synthesizing cross-country experiences, the study identifies key design principles for effective financial education and offers policy implications for curriculum development aimed at fostering long-term financial well-being and economic participation.

DOI: https://doi.org/10.51505/IJEBMR.2026.10509