Proceedings of the ATLAS International Design Conference 2025 (AIDC 2025)

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Financial Illiteracy Among Young Adults: Root Causes, Impacts, & Solutions

Authors
Devika Kole1, *, Miti Sheth1, Nidhi Dooa1
1ISDI, Atlas Skilltech University, Mumbai, India
Corresponding Author
Devika Kole
Available Online 31 March 2026.
DOI
10.2991/978-94-6239-620-3_9How to use a DOI?
Keywords
Financial Literacy; Young Adults; Financial Education; Savings and Budgeting and Impulsive Spending
Abstract

Financial literacy acts as an important skill that significantly influences economic well-being and stability. Currently, it is a major challenge faced by all countries globally. Financial literacy is the mix of one’s acquaintance, skill, and attitude towards financial matters. It helps to make informed decisions for the well-being of an individual. In this era, many young adults in India face challenges in terms of insufficient financial education, cultural behaviors, and high impulsive spending behaviors. Through this research paper and a mixed-methods approach combining qualitative interviews and quantitative surveys, this study explores the fundamental causes of financial illiteracy and its resulting complications. The research aims to indicate that addressing this educational inadequacy and incorporating financial education at a very early stage may alleviate all these challenges and strengthen accountability in financial practices.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the ATLAS International Design Conference 2025 (AIDC 2025)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
31 March 2026
ISBN
978-94-6239-620-3
ISSN
2667-128X
DOI
10.2991/978-94-6239-620-3_9How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Devika Kole
AU  - Miti Sheth
AU  - Nidhi Dooa
PY  - 2026
DA  - 2026/03/31
TI  - Financial Illiteracy Among Young Adults: Root Causes, Impacts, & Solutions
BT  - Proceedings of the ATLAS International Design Conference 2025 (AIDC 2025)
PB  - Atlantis Press
SP  - 133
EP  - 145
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6239-620-3_9
DO  - 10.2991/978-94-6239-620-3_9
ID  - Kole2026
ER  -