27/09/2023 (Agence Europe) – The European Commission published, on Wednesday 27 September, a joint EU and OECD financial competence framework for children and youth. This framework, says the Commission, should serve to “help improve young people’s financial literacy” so that “they are prepared to take well-informed personal finance decisions”. In an “era of increasing financial digitalisation and major economic challenges, including persistent high inflation, being financially savvy is all the more important”, commented the Commissioner for Financial Services Mairead McGuinness. The aim of the framework presented by the Commission is to “establish a shared understanding among Member States and practitioners of the essential financial literacy skills” and to “support the development of financial literary policies” in this area. (TM)