EUROPEAN COMMISSION’S EUROBAROMETER SURVEY UNCOVERS LIMITED FINANCIAL LITERACY ACROSS THE EU

Today, the European Commission unveiled the findings from a Eurobarometer survey focused on financial literacy within the European Union. This comprehensive survey assessed the financial knowledge and behavior of EU citizens, collectively referred to as financial literacy. The results indicate that merely 18% of EU citizens possess a high degree of financial literacy, while 64% exhibit a medium level, leaving the remaining 18% with a lower level of financial literacy. Notably, there are considerable disparities among Member States. In just four of them, more than a quarter of the population demonstrates a high level of financial literacy: the Netherlands, Sweden, Denmark, and Slovenia.