# FinComp 2022-2023

> European Union / OECD-INFE, 2022. Interactive exploration of the European financial competence frameworks for adults, children and youth, published by the European Commission and the OECD/INFE.

Canonical page: https://explorerhub.eu/en/framework/fincomp
Available in: en, it, es, fr

## Provenance
- Rights: © European Union / OECD (the source grants no reuse licence)
- Source document: https://finance.ec.europa.eu/publications/commission-and-oecd-infe-publish-joint-framework-adults-improve-individuals-financial-skills_en
- Publisher: European Union / OECD
- Cite as: European Union/OECD (2022), Financial competence framework for adults in the European Union; European Union/OECD (2023), Financial competence framework for children and youth in the European Union
- Attribution and licence terms: https://explorerhub.eu/en/legal/attribution

## Adults

### Areas (4)

- `1` [Money and Transactions](https://explorerhub.eu/en/framework/fincomp/areas/1?audience=adults)
- `2` [Planning and managing finances](https://explorerhub.eu/en/framework/fincomp/areas/2?audience=adults)
- `3` [Risk and reward](https://explorerhub.eu/en/framework/fincomp/areas/3?audience=adults)
- `4` [Financial Landscape](https://explorerhub.eu/en/framework/fincomp/areas/4?audience=adults)

### Competences (82)

- `1.1.1` [Forms and use of Money](https://explorerhub.eu/en/framework/fincomp/competences/1-1-1?audience=adults)
- `1.1.2` [Notes and Coins](https://explorerhub.eu/en/framework/fincomp/competences/1-1-2?audience=adults)
- `1.1.3` [Foreign Exchange](https://explorerhub.eu/en/framework/fincomp/competences/1-1-3?audience=adults)
- `1.2.1` [Sources of Income](https://explorerhub.eu/en/framework/fincomp/competences/1-2-1?audience=adults)
- `1.2.2` [Pay Slips and Income Statements](https://explorerhub.eu/en/framework/fincomp/competences/1-2-2?audience=adults)
- `1.2.3` [Income Needs](https://explorerhub.eu/en/framework/fincomp/competences/1-2-3?audience=adults)
- `1.2.4` [Impact of Career Path on Income](https://explorerhub.eu/en/framework/fincomp/competences/1-2-4?audience=adults)
- `1.3.1` [Prices](https://explorerhub.eu/en/framework/fincomp/competences/1-3-1?audience=adults)
- `1.3.2` [Price Comparions](https://explorerhub.eu/en/framework/fincomp/competences/1-3-2?audience=adults)
- `1.3.3` [Purchases](https://explorerhub.eu/en/framework/fincomp/competences/1-3-3?audience=adults)
- `1.3.4` [Payment Methods and Transferring Money](https://explorerhub.eu/en/framework/fincomp/competences/1-3-4?audience=adults)
- `1.3.5` [Checking and Keeping Track of Payments and Purchases](https://explorerhub.eu/en/framework/fincomp/competences/1-3-5?audience=adults)
- `1.3.6` [Implications of Purchases](https://explorerhub.eu/en/framework/fincomp/competences/1-3-6?audience=adults)
- `1.3.7` [Sustainability Aspects of Prices and Purchases](https://explorerhub.eu/en/framework/fincomp/competences/1-3-7?audience=adults)
- `1.4.1` [Understanding and Signing Contracts](https://explorerhub.eu/en/framework/fincomp/competences/1-4-1?audience=adults)
- `1.4.2` [Financial Records](https://explorerhub.eu/en/framework/fincomp/competences/1-4-2?audience=adults)
- `2.1.1` [Monitoring income and expenses](https://explorerhub.eu/en/framework/fincomp/competences/2-1-1?audience=adults)
- `2.1.2` [Drawing a budget](https://explorerhub.eu/en/framework/fincomp/competences/2-1-2?audience=adults)
- `2.2.1` [Basics of managing income and expenses](https://explorerhub.eu/en/framework/fincomp/competences/2-2-1?audience=adults)
- `2.2.2` [Managing irregular and unexpected income and expenses](https://explorerhub.eu/en/framework/fincomp/competences/2-2-2?audience=adults)
- `2.3.1` [Saving goals and priorities](https://explorerhub.eu/en/framework/fincomp/competences/2-3-1?audience=adults)
- `2.3.2` [Savings buffers](https://explorerhub.eu/en/framework/fincomp/competences/2-3-2?audience=adults)
- `2.3.3` [Interest rates](https://explorerhub.eu/en/framework/fincomp/competences/2-3-3?audience=adults)
- `2.3.4` [Choosing saving products](https://explorerhub.eu/en/framework/fincomp/competences/2-3-4?audience=adults)
- `2.3.5` [Managing savings](https://explorerhub.eu/en/framework/fincomp/competences/2-3-5?audience=adults)
- `2.4.1` [Basics of investing](https://explorerhub.eu/en/framework/fincomp/competences/2-4-1?audience=adults)
- `2.4.2` [Share and fund prices](https://explorerhub.eu/en/framework/fincomp/competences/2-4-2?audience=adults)
- `2.4.3` [Choosing and diversifying investments](https://explorerhub.eu/en/framework/fincomp/competences/2-4-3?audience=adults)
- `2.4.4` [Crypto-assets and related digital developments](https://explorerhub.eu/en/framework/fincomp/competences/2-4-4?audience=adults)
- `2.4.5` [Shareholder rights](https://explorerhub.eu/en/framework/fincomp/competences/2-4-5?audience=adults)
- `2.4.6` [Sustainable investment](https://explorerhub.eu/en/framework/fincomp/competences/2-4-6?audience=adults)
- `2.4.7` [Commodities](https://explorerhub.eu/en/framework/fincomp/competences/2-4-7?audience=adults)
- `2.4.8` [Factors influencing investment decisions](https://explorerhub.eu/en/framework/fincomp/competences/2-4-8?audience=adults)
- `2.5.1` [Basics of long-term planning](https://explorerhub.eu/en/framework/fincomp/competences/2-5-1?audience=adults)
- `2.6.1` [Basics of pension planning](https://explorerhub.eu/en/framework/fincomp/competences/2-6-1?audience=adults)
- `2.6.2` [Categories of pension products](https://explorerhub.eu/en/framework/fincomp/competences/2-6-2?audience=adults)
- `2.6.3` [Managing pension products](https://explorerhub.eu/en/framework/fincomp/competences/2-6-3?audience=adults)
- `2.6.4` [Sustainability considerations for pensions](https://explorerhub.eu/en/framework/fincomp/competences/2-6-4?audience=adults)
- `2.7.1` [Considerations before asking for credit](https://explorerhub.eu/en/framework/fincomp/competences/2-7-1?audience=adults)
- `2.7.2` [Guarantors and collateral](https://explorerhub.eu/en/framework/fincomp/competences/2-7-2?audience=adults)
- `2.7.3` [Choosing credit](https://explorerhub.eu/en/framework/fincomp/competences/2-7-3?audience=adults)
- `2.7.4` [Risks of taking a credit](https://explorerhub.eu/en/framework/fincomp/competences/2-7-4?audience=adults)
- `2.7.5` [Application for credit and credit score](https://explorerhub.eu/en/framework/fincomp/competences/2-7-5?audience=adults)
- `2.7.6` [Repaying credit](https://explorerhub.eu/en/framework/fincomp/competences/2-7-6?audience=adults)
- `2.7.7` [Renegotiating a credit agreement](https://explorerhub.eu/en/framework/fincomp/competences/2-7-7?audience=adults)
- `2.7.8` [Overdrafts](https://explorerhub.eu/en/framework/fincomp/competences/2-7-8?audience=adults)
- `2.7.9` [Easy-access high-cost credit](https://explorerhub.eu/en/framework/fincomp/competences/2-7-9?audience=adults)
- `2.8.1` [Managing debt](https://explorerhub.eu/en/framework/fincomp/competences/2-8-1?audience=adults)
- `2.8.2` [Debt accrued from late payments](https://explorerhub.eu/en/framework/fincomp/competences/2-8-2?audience=adults)
- `2.8.3` [Difficulty to repay debt](https://explorerhub.eu/en/framework/fincomp/competences/2-8-3?audience=adults)
- `3.1.1` [Basics of risk](https://explorerhub.eu/en/framework/fincomp/competences/3-1-1?audience=adults)
- `3.1.2` [Sources of risks](https://explorerhub.eu/en/framework/fincomp/competences/3-1-2?audience=adults)
- `3.1.3` [Specific risks of digital products and services](https://explorerhub.eu/en/framework/fincomp/competences/3-1-3?audience=adults)
- `3.2.1` [Creating a safety net](https://explorerhub.eu/en/framework/fincomp/competences/3-2-1?audience=adults)
- `3.2.2` [Choosing insurance](https://explorerhub.eu/en/framework/fincomp/competences/3-2-2?audience=adults)
- `3.2.3` [Digital insurance provision](https://explorerhub.eu/en/framework/fincomp/competences/3-2-3?audience=adults)
- `3.2.4` [Insurance against climate-related risks](https://explorerhub.eu/en/framework/fincomp/competences/3-2-4?audience=adults)
- `3.2.5` [Government support](https://explorerhub.eu/en/framework/fincomp/competences/3-2-5?audience=adults)
- `3.3.1` [Relationship between risk and reward](https://explorerhub.eu/en/framework/fincomp/competences/3-3-1?audience=adults)
- `3.3.2` [Sustainability implications on risk and reward](https://explorerhub.eu/en/framework/fincomp/competences/3-3-2?audience=adults)
- `4.1.1` [Consumer Protection Regulations](https://explorerhub.eu/en/framework/fincomp/competences/4-1-1?audience=adults)
- `4.1.2` [Complaints](https://explorerhub.eu/en/framework/fincomp/competences/4-1-2?audience=adults)
- `4.1.3` [Personal Data Protection](https://explorerhub.eu/en/framework/fincomp/competences/4-1-3?audience=adults)
- `4.2.1` [Consumer rights and responsibilities](https://explorerhub.eu/en/framework/fincomp/competences/4-2-1?audience=adults)
- `4.3.1` [Financial Information](https://explorerhub.eu/en/framework/fincomp/competences/4-3-1?audience=adults)
- `4.3.2` [Financial Education](https://explorerhub.eu/en/framework/fincomp/competences/4-3-2?audience=adults)
- `4.3.3` [Financial Advice](https://explorerhub.eu/en/framework/fincomp/competences/4-3-3?audience=adults)
- `4.3.4` [Discussing financial matters](https://explorerhub.eu/en/framework/fincomp/competences/4-3-4?audience=adults)
- `4.4.1` [Characteristics of Financial Products and Services](https://explorerhub.eu/en/framework/fincomp/competences/4-4-1?audience=adults)
- `4.4.2` [Sustainability Preferences](https://explorerhub.eu/en/framework/fincomp/competences/4-4-2?audience=adults)
- `4.4.3` [Sustainability Labels and Standards](https://explorerhub.eu/en/framework/fincomp/competences/4-4-3?audience=adults)
- `4.4.4` [Disclosure](https://explorerhub.eu/en/framework/fincomp/competences/4-4-4?audience=adults)
- `4.5.1` [Scams and Fraud](https://explorerhub.eu/en/framework/fincomp/competences/4-5-1?audience=adults)
- `4.5.2` [Greenwashing](https://explorerhub.eu/en/framework/fincomp/competences/4-5-2?audience=adults)
- `4.5.3` [Personal Data Scams and Fraud](https://explorerhub.eu/en/framework/fincomp/competences/4-5-3?audience=adults)
- `4.5.4` [Reporting Scams and Frauds](https://explorerhub.eu/en/framework/fincomp/competences/4-5-4?audience=adults)
- `4.6.1` [Taxes and tax treatments](https://explorerhub.eu/en/framework/fincomp/competences/4-6-1?audience=adults)
- `4.6.2` [Taxes and Tax Treatments](https://explorerhub.eu/en/framework/fincomp/competences/4-6-2?audience=adults)
- `4.7.1` [External Influences](https://explorerhub.eu/en/framework/fincomp/competences/4-7-1?audience=adults)
- `4.7.2` [Macroeconomic Impact on Personal Finance](https://explorerhub.eu/en/framework/fincomp/competences/4-7-2?audience=adults)
- `4.7.3` [Advertising](https://explorerhub.eu/en/framework/fincomp/competences/4-7-3?audience=adults)
- `4.7.4` [Broader sustainability impact of personal finance decisions](https://explorerhub.eu/en/framework/fincomp/competences/4-7-4?audience=adults)

## Children and youth

### Areas (4)

- `1` [Money and Transactions](https://explorerhub.eu/en/framework/fincomp/areas/1?audience=youth)
- `2` [Planning and Managing Finances](https://explorerhub.eu/en/framework/fincomp/areas/2?audience=youth)
- `3` [Risk and Reward](https://explorerhub.eu/en/framework/fincomp/areas/3?audience=youth)
- `4` [Financial landscape](https://explorerhub.eu/en/framework/fincomp/areas/4?audience=youth)

### Competences (43)

- `1.1.1` [Forms of Money](https://explorerhub.eu/en/framework/fincomp/competences/1-1-1?audience=youth)
- `1.1.2` [Role/purposes of money](https://explorerhub.eu/en/framework/fincomp/competences/1-1-2?audience=youth)
- `1.1.3` [Storing and accessing money](https://explorerhub.eu/en/framework/fincomp/competences/1-1-3?audience=youth)
- `1.1.4` [Handling money](https://explorerhub.eu/en/framework/fincomp/competences/1-1-4?audience=youth)
- `1.1.5` [Foreign currency and exchange](https://explorerhub.eu/en/framework/fincomp/competences/1-1-5?audience=youth)
- `1.2.1` [Income sources and levels](https://explorerhub.eu/en/framework/fincomp/competences/1-2-1?audience=youth)
- `1.2.2` [Income needs](https://explorerhub.eu/en/framework/fincomp/competences/1-2-2?audience=youth)
- `1.3.1` [Prices](https://explorerhub.eu/en/framework/fincomp/competences/1-3-1?audience=youth)
- `1.3.2` [Purchases](https://explorerhub.eu/en/framework/fincomp/competences/1-3-2?audience=youth)
- `1.3.3` [Payment Methods and Transferring Money](https://explorerhub.eu/en/framework/fincomp/competences/1-3-3?audience=youth)
- `1.4.1` [Financial records and contracts](https://explorerhub.eu/en/framework/fincomp/competences/1-4-1?audience=youth)
- `2.1.1` [Drawing up a budget](https://explorerhub.eu/en/framework/fincomp/competences/2-1-1?audience=youth)
- `2.2.1` [Monitoring and managing regular income and expenses](https://explorerhub.eu/en/framework/fincomp/competences/2-2-1?audience=youth)
- `2.2.2` [Managing irregular and unexpected income and expenses](https://explorerhub.eu/en/framework/fincomp/competences/2-2-2?audience=youth)
- `2.3.1` [Saving goals and priorities](https://explorerhub.eu/en/framework/fincomp/competences/2-3-1?audience=youth)
- `2.3.2` [Factors influencing savings](https://explorerhub.eu/en/framework/fincomp/competences/2-3-2?audience=youth)
- `2.3.3` [Choosing how to save](https://explorerhub.eu/en/framework/fincomp/competences/2-3-3?audience=youth)
- `2.3.4` [Managing savings](https://explorerhub.eu/en/framework/fincomp/competences/2-3-4?audience=youth)
- `2.4.1` [Basics of investing](https://explorerhub.eu/en/framework/fincomp/competences/2-4-1?audience=youth)
- `2.4.2` [Choosing investments](https://explorerhub.eu/en/framework/fincomp/competences/2-4-2?audience=youth)
- `2.4.3` [Crypto-assets and recent digital developments](https://explorerhub.eu/en/framework/fincomp/competences/2-4-3?audience=youth)
- `2.4.4` [Sustainable Investment](https://explorerhub.eu/en/framework/fincomp/competences/2-4-4?audience=youth)
- `2.5.1` [Retirement and pensions](https://explorerhub.eu/en/framework/fincomp/competences/2-5-1?audience=youth)
- `2.6.1` [Borrowing and lending money](https://explorerhub.eu/en/framework/fincomp/competences/2-6-1?audience=youth)
- `2.6.2` [Taking credit](https://explorerhub.eu/en/framework/fincomp/competences/2-6-2?audience=youth)
- `3.1.1` [General concept of risk, sources of risk and its impact on personal finance](https://explorerhub.eu/en/framework/fincomp/competences/3-1-1?audience=youth)
- `3.2.1` [Financial risk](https://explorerhub.eu/en/framework/fincomp/competences/3-2-1?audience=youth)
- `3.2.2` [Relationship between financial risk and reward](https://explorerhub.eu/en/framework/fincomp/competences/3-2-2?audience=youth)
- `3.3.1` [Choosing insurance](https://explorerhub.eu/en/framework/fincomp/competences/3-3-1?audience=youth)
- `3.3.2` [Managing financial risk](https://explorerhub.eu/en/framework/fincomp/competences/3-3-2?audience=youth)
- `4.1.1` [Overview of financial products, services and providers](https://explorerhub.eu/en/framework/fincomp/competences/4-1-1?audience=youth)
- `4.2.1` [Consumer Protection](https://explorerhub.eu/en/framework/fincomp/competences/4-2-1?audience=youth)
- `4.3.1` [Consumers’ rights and responsibilities](https://explorerhub.eu/en/framework/fincomp/competences/4-3-1?audience=youth)
- `4.3.2` [Financial services providers’ responsibilities](https://explorerhub.eu/en/framework/fincomp/competences/4-3-2?audience=youth)
- `4.3.3` [Personal data protection](https://explorerhub.eu/en/framework/fincomp/competences/4-3-3?audience=youth)
- `4.4.1` [Common types of scams and fraud, and means of protection](https://explorerhub.eu/en/framework/fincomp/competences/4-4-1?audience=youth)
- `4.5.1` [Financial information](https://explorerhub.eu/en/framework/fincomp/competences/4-5-1?audience=youth)
- `4.5.2` [Financial literacy and financial education](https://explorerhub.eu/en/framework/fincomp/competences/4-5-2?audience=youth)
- `4.5.3` [Financial advice](https://explorerhub.eu/en/framework/fincomp/competences/4-5-3?audience=youth)
- `4.6.1` [Purpose and impact of taxes](https://explorerhub.eu/en/framework/fincomp/competences/4-6-1?audience=youth)
- `4.7.1` [Macroeconomic impact](https://explorerhub.eu/en/framework/fincomp/competences/4-7-1?audience=youth)
- `4.7.2` [Advertising and impact of external pressure](https://explorerhub.eu/en/framework/fincomp/competences/4-7-2?audience=youth)
- `4.7.3` [Sustainability considerations](https://explorerhub.eu/en/framework/fincomp/competences/4-7-3?audience=youth)

## Counts
- Nodes: 175
- Descriptors: 802
- Glossary entries: 0