Understanding Financial Habits and Literacy Among Young People

Aims of the tool

This report presents an analysis of the financial habits, challenges, and educational needs of young people in Germany, Bulgaria, and Ireland, based on survey data collected through the cooperation partnership "FINEYOU".

The research findings will be used for the development of the "FINEYOU" financial literacy board game and as a guide for future project activities.

Description of the tool

The FINEYOU project research report highlights the financial habits, challenges, and educational needs of young people in Germany, Bulgaria, and Ireland, revealing key trends such as the widespread lack of formal financial education, challenges in saving and managing debt, and varying levels of comfort with financial technology.

The report underscores the need for targeted financial literacy programs and practical tools like a board game that engages young people through real-life scenarios and integrates technology to reinforce learning.

By addressing these challenges, the FINEYOU project aims to empower young people with the knowledge and skills necessary for financial independence and long-term economic security.