Financial literacy is especially low among young adults at risk, who are ill-equipped to deal with ever-increasing financial responsibility. Their lack of financial education is one of the causes that reduce their opportunities of being competitive in the labour market and accessing learning opportunities.
The EDU-FIN project’s idea was conceived after a workshop on Financial Literacy organised in La Verneda Adult School in Barcelona, Spain. Young adults attending the workshop happened to be very interested in the topic because it affected their lives in many ways. The lack of prior knowledge and basic information, together with the complexity brought by the economic crisis constitute a real problem for them.
Answering the needs of learners
The workshop participants and the school associations started searching for good practices in financial literacy at the regional, national and international levels. Doing so, they realised the potential of a European project on the subject. After some brainstorming sessions with the direct target groups, the project was explained in the school council and learners had the chance to give feedback on it.
Being conceived in such a dialogic way, the project answers a real need of the learners. This approach will be kept throughout all the project lifespan by adopting a participative process, just like the school works.
Already recognised as best practice by other EAEA projects and renowned sources, this adult learning centre is indeed characterised by a very democratic and inclusive approach.
Project partners had the chance to have a sample of it at the the project kick-off meeting, where learners and volunteers shared their experience as a member of the community as well as explained the history of the school.
The EDU-FIN’s call for contributions
The first project outcome will be a comparative study on financial literacy in the European Union. To do so, partners will research on existing financial education programmes and collect information and good practices about financial literacy. The comparative study will then summarise them and draft recommendations for the next phases of the project.
In this framework EAEA launches a call for contributions: if you are working on financial literacy and want to share your experience, please contact the EAEA Project Officer Francesca Operti at francesca.operti (at) eaea.org by the 3rd of April 2015.
Text: Francesca Operti
Photo: EDU-FIN Consortium