EU to boost financial literacy and investment opportunities for citizens

The European Commission today announced two major initiatives to advance the savings and investments union and deliver tangible benefits for all EU citizens. The comprehensive package focuses on improving financial literacy for all and at all life stages and introduces a blueprint for savings and investment accounts (SIAs) – a tool aimed at making investing simpler and more accessible for everyone.

The financial literacy strategy aims to help citizens make sound financial decisions, ultimately improving their well‑being, financial security and independence. With the right combination of financial knowledge and skills, citizens can budget better, avoid scams and fraud, save more efficiently and feel better equipped to invest for their future. Financial literacy levels remain low in the EU – less than one fifth of EU citizens have a high level of financial literacy (Eurobarometer 2023), with significant differences across Member States. The strategy therefore includes measures to enhance financial awareness for all citizens and support Member States’ efforts to improve financial literacy.

Legislative documents

• Press release
• Frequently asked questions
• Communication on financial literacy
• Recommendation the savings and investment accounts
• Staff working document the savings and investment accounts
• Watch the recording of the press conference

Learn more about this initiative

• Factsheet: Savings and investment accounts
• Factsheet: The EU financial literacy strategy
• Video: Ready to make your savings work for you?
• Video: Invest in your financial literacy skills! Invest in YOU