Capital markets Union: Council approves conclusions on financial literacy

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Summary:

The Council of the EU and the European Council have published conclusions on financial literacy, emphasizing its importance for individuals and society as a whole. The conclusions recognize that financial literacy is essential for making informed decisions, particularly for vulnerable groups such as young people, low-income individuals, and those with limited education. The Council encourages member states to develop and implement national financial literacy strategies, integrate financial education into school curricula, and provide training and awareness-raising campaigns for adults. It also recommends funding opportunities for research and collaboration to improve financial literacy in the EU.