There are several initiatives with the aim of increasing financial literacy. One of them is the DEFINE project, which is set to upgrade seniors´ skills in handling online financial management services to increase their active participation in financial markets, decrease their costs of participation due to upgraded online IT skills, as well as to enhance their investment possibilities which leads to a minimization of disadvantages and fraud of this target group.

Unlike younger generations, seniors have not grown up with technology. Therefore they are increasingly getting marginalized due to digital illiteracy. Seniors rarely have people instructing and guiding them on how to use today’s technologies, and it’s often too complex for them to understand on their own. The DEFINE project aims to allow these people to get the needed skills via adult training providers/centres. All the project results, together with training materials as well as interactive learning games, are available on the project website here: https://define.fh-joanneum.at/