Financial literacy for youngsters from low socioeconomic contexts

FINYOUTH aims to enhance the financial knowledge of youngsters from low socio-economic contexts to prevent them from falling into excessive debt and online gambling.

GA number: 2023-1-ES02-KA220-YOU-000154658

Funded by: Erasmus+      Duration: 02/10/2023-01/10/2025

Challenge

Financial literacy is recognised as one of the basic life skills of the 21st century. However, the lack of financial literacy is prominent in Europe, especially in southern Europe with Italy scoring 37% and Spain 49% in financial literacy rates. Rates are higher among young people who enter the workforce and begin navigating their personal finances.

Additionally, the rise of online gambling and video-game micro-transactions has increased psycho-social vulnerability among youngsters.

Innovation

FINYOUTH aims to transfer financial knowledge through gamified methodologies to both youngsters at social risk and youth organisations to prevent them from falling into excessive debt and online gambling and help them implement healthier financial habits.

Action

Co-funded by the European Union. The views and opinions expressed are those of the author(s) alone and do not necessarily reflect those of the European Union and INJUVE. Neither the European Union nor the granting authority can be held responsible for them.

Project Partners