We have reported earlier on the joint EU/OECD project on developing the Financial competence framework for adults in the European Union. On 11 January 2022 this framwork has been launched (see the recording of the event here).
The framework promotes a shared understanding of the financial competences adults need to make sound decisions on personal finance. It supports public policies, financial literacy programmes and educational materials to be developed by Member States, educational institutions, industry and individuals. It also supports the exchange of good practices by policy makers and stakeholders within the EU.
Aftre the launch of the framework, the focus is now on its uptake by relevant stakeholders. In parallel, the Commission and the OECD will start work on developing a similar financial competence framework for children and youth, which is expected next year.
