Abstract:

In the context of a rapidly evolving digital economy, financial literacy has become a crucial competency for young professionals. Students in Information Technology (IT) study fields are typically characterized by strong analytical and technological skills, as well as promising income prospects. However, the relevance of financial literacy for this group is often underestimated, as financial education is rarely systematically integrated into IT curricula. This raises concerns about whether IT students are adequately prepared to manage personal finances and make informed financial and investment decisions.

The problem addressed in this study is the lack of clear understanding regarding the level of financial literacy among IT students and their ability to apply financial knowledge in real-life situations. Despite their high level of digital competence, it remains uncertain whether these students possess sufficient financial awareness and skills to ensure long-term financial well-being.

The aim of the study is to evaluate the level of financial literacy among IT students and to identify the main strengths and weaknesses in their financial knowledge. To achieve this aim, several research tasks were implemented, including the analysis of the concept of financial literacy and its theoretical evaluation models, as well as the development of a research instrument designed to measure financial knowledge across key domains such as budgeting, saving, investing, and financial risk management.

The study employs a quantitative research approach using a structured questionnaire with the 179 respondents - IT students from VIKO Higher Institution in Lithuania. The research is based on the formulation of a hypothesis stating that the level of financial literacy among IT students is related to selected factors, such as study level, income, or financial behavior patterns. To test the hypothesis, correlation analysis is applied as the primary data analysis method. Descriptive statistical methods are used to summarize the data and assess the overall level of financial literacy, while correlation analysis is employed to identify statistically significant relationships between variables. This approach allows not only the evaluation of financial literacy levels but also the identification of key factors influencing them.

The results of the study indicate that IT students demonstrate moderate financial literacy. While respondents show relatively strong knowledge in basic financial concepts such as budgeting and saving, significant gaps are observed in more complex areas, including investment decision-making, risk diversification, and long-term financial planning. These findings suggest that financial literacy among IT students is uneven and not sufficiently developed to support optimal financial decision-making.

The contribution of this study lies in its focus on a specific and underexplored group of students, highlighting the need to integrate financial education into non-financial study programs. The results provide practical insights for higher education institutions, suggesting the importance of incorporating financial literacy training into IT curricula or offering supplementary learning opportunities. Strengthening financial competencies among IT students can enhance their ability to make informed decisions and ensure greater financial stability in the future.

Keywords:

Financial literacy, financial education, IT students, personal finance, higher education.