Financial Literacy and Economics Education Among Young Adults: An Observation From Tunisia

Financial literacy is a key element in financial decision making and well-being, which may affect all areas of our lives. Inadequate levels of financial literacy, particularly among young adults, is a global problem. This study addresses the following questions: are young adults financially literate, and how can this be measured? This study examines financial literacy and economics education among university students in Tunisia. The findings suggest that university students have inadequate knowledge of personal investment. Most importantly, the authors find that financial illiteracy is prevalent. Although this study was limited to Tunisian students, applications to broader young adult populations, particularly in the assessment method, are easily made.