Financial competence framework for adults in the European Union



Date of publication
11 January 2022


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11/01/2022 - The European Commission and the OECD International Network on Financial Education (OECD-INFE) have released the joint EU/OECD-INFE financial competence framework for adults. 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 EU Member States, educational institutions, industry and individuals. It also supports the exchange of good practices by policy makers and stakeholders within the EU.


Financially literate citizens can more safely and confidently participate in financial markets. Their active engagement is necessary for EU capital markets to grow and channel more funding to EU companies - more so in the aftermath of the COVID-19 crisis. This financial competence framework is a follow-up to one of the measures announced in the EU's 2020 Capital Markets Union Action Plan. It marks a key milestone in the Commission’s work on financial literacy and an important follow up in OECD/INFE work on financial literacy.


Work will now start on the development of a joint EU/OECD financial competence framework for youth in the European Union which is scheduled for completion in 2023.


See also


Launch of the Financial competence framework for children and youth in the European Union


Launch of the joint EU/OECD financial competence project


OECD/INFE Core Competency Frameworks


More OECD work on financial education


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