Economic Competence and Financial Literacy of Young Adults: Status and Challenges

Abstract

The authors take a detailed look at the economic competence and financial literacy of young adults, especially of those who start an apprenticeship or who take up their studies at an university. Economic competence and financial literacy are of special interest within this group, because these young people are - mostly for the first time in their lives - responsible for autonomously managing their own financial affairs and deal with economic challenges.