Financial literacy strategy

Less than 20% of EU citizens have a high level of financial literacy, according to a recent survey. The new strategy aims to enhance citizens’ financial awareness and support EU countries in improving financial literacy, through

• coordination and sharing of national and international best practices
• communication and an EU-wide campaign to raise awareness   
• EU funding for financial literacy initiatives and research
• monitoring progress and assessing impact over time.

EU citizens have one of the highest savings rates in the world but often do not get the most out of their savings. With the right knowledge and skills, they can make sound financial decisions, budget better, avoid scams and fraud, save more efficiently and feel better equipped to invest for their future.