FinComp2022-2023

The FinComp Framework

The EU Financial Competence Frameworks define the knowledge, skills and attitudes that European citizens should develop to make sound financial decisions. The adults framework (2022) covers 4 content areas with hundreds of competences across three dimensions. The children and youth framework (2023) adapts competences for specific age groups.

Who is it for

• Educators and trainers

  To integrate financial education into teaching practice with structured European references.

• Adult citizens

  For those who want to develop or assess their financial competences in everyday money management.

• Institutions and policy makers

  To design policies and financial education programmes based on shared European standards.

• Children and youth

  Age-appropriate financial competences, from 6 to 18 years old, to build the foundations of financial awareness.

The Framework in Numbers

Based on official EU/OECD documents published in 2022 and 2023

Explore Adults Framework

~564 competences

Financial Competence Framework for Adults in the EU (2022). 4 areas, over 500 competences across three dimensions.

Explore Youth Framework

~238 competences

Financial Competence Framework for Children and Youth in the EU (2023). 4 areas, competences differentiated by age group.

• 1Money and Transactions

  • 1.1Money and Currencies
  • 1.2Income
  • 1.3Prices, Purchases and Payments
  • 1.4Financial Records and Contracts

• 2Planning and managing finances

  • 2.1Budgeting
  • 2.2Managing Income and Expenditure
  • 2.3Saving
  • 2.4Investing
  • 2.5Longer-Term Planning and Asset Building
  • 2.6Retirement
  • 2.7Credit
  • 2.8Debt and Debt Management

• 3Risk and reward

  • 3.1Identifying Risks
  • 3.2Financial safety nets and insurance
  • 3.3Balancing Risk and Reward

• 4Financial Landscape

  • 4.1Regulation and Consumer Protection
  • 4.2Rights and Responsibilities
  • 4.3Financial Education, Information and Advice
  • 4.4Financial Products and Services
  • 4.5Scams and Fraud
  • 4.6Tax and Public Spending
  • 4.7External Influences

• 1Money and Transactions

  • 1.1Money and Currencies
  • 1.2Income
  • 1.3Prices, Purchases and Payments
  • 1.4Financial records and contracts

• 2Planning and Managing Finances

  • 2.1Budgeting/ Planning
  • 2.2Managing and Planning Income and Expenditure
  • 2.3Saving
  • 2.4Investing
  • 2.5Retirement and Pensions
  • 2.6Credit

• 3Risk and Reward

  • 3.1Identifying Risk and Reward
  • 3.2Relationship between Financial Risk and Reward
  • 3.3Insurance and Managing Financial Risk

• 4Financial landscape

  • 4.1Financial Products, Services and Providers
  • 4.2Consumer Protection
  • 4.3Rights and Responsibilities
  • 4.4Scams and Fraud
  • 4.5Financial Education, Information and Advice
  • 4.6Tax and public spending
  • 4.7External Influences