Financial literacy, resilience and inclusion

On Tuesday, 20 February 2024, the European Commission and the Belgian Financial Services and Markets Authority (FSMA) organised a high-level conference on financial literacy, resilience and inclusion.

Financial resilience is key to ensuring an inclusive society. The COVID-19 pandemic, the increase in energy prices and the rising cost of living showed that an individual’s financial situation can very quickly come under pressure. In this situation, people can easily become financially fragile, increasing the risk of financial and social exclusion. Financial literacy helps people to better manage their money and has a positive impact on their wellbeing. Despite many efforts by different actors, levels of financial literacy in the EU remain too low. 

The high-level conference addressed the different dimensions of financial literacy, resilience, and inclusion and looked at how to build on existing work in this area. It brought together EU and global experts, policy makers, regulators, representatives of civil society organisations, academics, and other stakeholders that discussed the opportunities, challenges and best practices.

Participants also add the opportunity to visit the leading Belgian financial education centre (Wikifin Lab) located at the conference venue. 

In addition, there was an academic conference on financial literacy research – Pathways to becoming financially competent, which took place the following day on 21 February at the same location. 

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