What is the relationship between Financial Education and Sustainability?
Financial education, with the aim of teaching how to manage money correctly in order to achieve one's spending objectives, allows the development of planning skills in the medium-long term, which is essential for fostering the development of truly sustainable societies. To give up consuming our entire income today means putting ourselves in a position to reach a more valuable goal tomorrow. But it is in the acquisition of this intertemporal perspective that one encounters the greatest difficulty: several studies, in fact, have shown that the prevailing tendency is to privilege the present [1] at the expense of the future. The same type of distortion can be found in the choices regarding the use of natural resources: sustainable management should be based on a long-term logic and also look at future needs. The American Indians synthesized this approach is the so-called “principle of the seventh generation”: the communities could not make any decisions if they did not know what...