CHILE
The EU promotes the integration of financial education in school programs to stimulate investment:
European Union finance ministers have endorsed the integration of financial education into school curricula as a crucial measure to empower citizens to make informed financial decisions and better prepare them to plan and invest for the future.
In a conclusions document adopted this Tuesday, the Twenty-seven recognize that a greater understanding of personal finances can boost the participation of retail investors in capital markets and contribute to greater financial stability across the EU.
"Improving citizens' financial education is essential to building a more ambitious, inclusive and resilient Capital Markets Union," said Belgian Finance Minister Vincent van Peteghem at a press conference as President of the Council.
The objective is to direct available savings towards productive investments within the EU, since it is estimated that annually around €300 billion of European families' savings are channeled into foreign markets, mainly into the US economy.
The Council conclusions welcome the efforts of several Member States that have already implemented national financial education strategies and urge others to follow their example, paying particular attention to financially vulnerable groups, such as young people, people with low incomes and educational levels. lower. , in addition to addressing issues of gender inequality, immigration and disability.
Furthermore, EU countries are urged to consider including financial education in school curricula and to promote financial education for adults through events, seminars, workshops and awareness campaigns.
On the other hand, the Twenty-seven ask the European Commission to support non-legislative actions, using tools such as the Technical Support Instrument and the Erasmus+ program to finance financial education projects, as well as encourage research and collaboration in this area.
