About FinComp ExplorerHub

What is Financial Literacy?

“ Financial literacy is a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being. ”

— OECD Recommendation on Financial Literacy (2020)

What is this portal?

FinComp ExplorerHub is a free, open-source tool that makes the EU/OECD Financial Competence Frameworks accessible and easy to navigate. The frameworks define the financial knowledge, skills and attitudes that citizens should develop to make sound financial decisions.

Framework Structure

The frameworks provide a comprehensive structure for financial education:

Adults Framework: 4 Content Areas, 22 Topics, 563 Competences

Youth Framework: 4 Content Areas, 17 Topics, 379 Competences, 4 Age Groups

Both frameworks organise competences along 3 dimensions: Awareness, Skills, and Attitudes

The Frameworks

The Financial Competence Framework for Adults in the EU was published in 2022 by the European Commission and the OECD International Network on Financial Education (INFE). It covers 4 content areas, 22 topics, and hundreds of specific competences across three dimensions.

The Financial Competence Framework for Children and Youth in the EU was published in 2023. It adapts and extends the adults framework for younger audiences, with age-appropriate competences organized by developmental stages.

Three Dimensions

Each competence is classified along three dimensions that reflect different aspects of financial literacy:

Awareness, Knowledge and Understanding - What people should know

Skills and Behaviour - What people should be able to do

Confidence, Motivation and Attitudes - How people should approach financial decisions

Official Sources

All content in this portal is derived from the official EU/OECD documents:

• Disclaimer

  This portal is NOT affiliated with, endorsed by, authorised by, or in any way officially connected to the European Commission, the OECD, the INFE, or DG FISMA. 'European Commission' and 'OECD' are registered trademarks of their respective owners. It presents the content of the official EU/OECD frameworks (published by DG FISMA & OECD-INFE), reused under CC BY 4.0 licence, for informational and educational purposes only. The intellectual property rights of the original frameworks belong to the EU and the OECD. It is not an official EU or OECD publication. The original documents remain the sole authoritative reference.