Muñoz-Céspedes, E.; Ibar-Alonso, R.; de Lorenzo Ros, S. Financial Literacy and Sustainable Consumer Behavior. Sustainability2021, 13, 9145.
Muñoz-Céspedes, E.; Ibar-Alonso, R.; de Lorenzo Ros, S. Financial Literacy and Sustainable Consumer Behavior. Sustainability 2021, 13, 9145.
Muñoz-Céspedes, E.; Ibar-Alonso, R.; de Lorenzo Ros, S. Financial Literacy and Sustainable Consumer Behavior. Sustainability2021, 13, 9145.
Muñoz-Céspedes, E.; Ibar-Alonso, R.; de Lorenzo Ros, S. Financial Literacy and Sustainable Consumer Behavior. Sustainability 2021, 13, 9145.
Abstract
A more sustainable society and economy also implies a more sustainable behavior in the consumption of financial products. A possible change in focus can come from the demand side, so that more sustainable consumption of financial products have to go hand to hand with financial literacy. However, financial literacy, potential favoring of this sustainable behavior, is far from reaching an international consensus about its definition, object and scope. Two objectives are analyzed; the different interpretations of financial literacy in the academic literature, as well as its evolution and how, in what context and with what other concepts the term is used in social networks. Scientometric techniques and content analysis have been used to carry out a systematic review of literature and also NLP to analyze the comments on Social Networks. Critical moments are identified in the definition of financial literacy. Also ten sentiments are analyzed in social networks in wich positivity, trust, and anticipation predominate. Greater attention to this issue is necessary both from the private initiative and from public policies, so that financial literacy is an effective tool for a more sustainable behavior by consumers. Finally, a new definition is proposed based on our findings.
Keywords
Financial Literacy; Financial Behaviour; Consumer Behavior; Sustainable Consumer Behavior; Social Media; Natural Language Processing; Social Network
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
