Focus group in Lithuania

Focus group in Lithuania

Summary

At Vytautas Magnus university 2 focus groups were organized. Focus group No 1 meeting was online using MsTeams platform on 21st of March 2024. Focus group No 2 meeting took place at Vytautas Magnus university in Kaunas, Lithuania on 22nd of March, 2024. It was attended by different organizations and youth representatvise: 1) High education organization; 2) Financial institutions, 3) Youth organization; 4) Education organization; 5) School students. During the discussion it was agreed that there is synergy between Sustainability and Personal finance and it is important to teach kids in school. Also it was noted that kids in school lack practical knowledge about personal finance and how it is connected with sustainability.

Results

The focus group discussions shed light on the critical intersection between financial literacy and sustainability, highlighting the importance of equipping today’s youth with the knowledge and tools to make informed decisions that benefit both their personal finances and the environment. According to the Survey, the overall satisfaction of the participants regarding the focus group and the discussion was positive. All participants in all Questions answered positively. The participants were very keen in the discussion, invited to present the results of the assessment and introduce the whale project in school. Also all focus group members were very willing to participate in the future of this project and are waiting for the project results.

Conclusions

The focus group emphasized integrating financial literacy and sustainability into education. Youth need practical, engaging methods like gamification to bridge knowledge gaps. To ensure lasting impact, it was recommended that sustainable financial literacy be seamlessly integrated into school curriculums, supported by innovative teaching approaches. Regular assessment and refinement of educational interventions are needed to adapt to changing needs and feedback from students, educators, and stakeholders. Overall, a comprehensive, engaging, and practical approach to teaching sustainable financial literacy is essential for fostering responsible financial behaviors in future generations.
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