Sustainable Financial Literacy

Financial education is key for all people in their daily lives. Financial literacy is a fundamental life skill that must be cultivated to encourage responsible financial behaviour and give people the confidence to take control of their finances. Moreover, it plays a key role in ensuring that European citizens have the knowledge, confidence and skills to improve their understanding of financial products, services and concepts.Any improvement in financial literacy will make a big difference to consumers and their ability to improve their future. Current trends make it even more important for consumers to understand the basics of socially responsible finance because they are being asked to make more financial decisions at important times in their lives. By focusing specifically on young people, it is recognized that this target group has particular requirements that are different from those of adults (and younger children). In particular, they are relatively inexperienced in the use of financial products and may have only recently started to engage in financial transactions. In addition, they are likely to make important financial decisions in the near future, different from those that older adults, such as deciding how to finance further education or identifying job opportunities.