ABSTRACT. During the last decades life long learning has received a great deal of attention from regulators, businesses and citizens due to its positive impact on the economic and social growth through the evolvement of human capital. Additionally, it is widespread that life long learning remains a prerequisite on the private sector for someone to meet with the employer's needs and demands. This statement can be attributed to the fact that the modern economic functions are being forwarded through knowledge. The aim of this paper is to pinpoint the benefits of life long learning for individuals and the societies in total and to highlight the influence of life long learning as a distinct factor for economic growth.