On February 2nd, 2022, the consortium joined the online Kick-Off Meeting of FLY (Financial literacy for inclusion), a Project co-funded by the Erasmus+ Programme of the European Commission, which brings together 8 Partners from 5 different countries (Belgium, France, Italy, Spain and Turkey).
The Kick-Off Meeting, hosted by Association FenêtreS (Rhône-Alpes – FR), was originally planned in Tassin la Demi-Lune, but has been rescheduled online due to COVID-19 restrictions.
FLY’s objective is to create financial culture among adults low skilled engaging them in learning financial. Having a financial culture will help them to make positive choices for themselves and for society also from an environmental point of view. FLY develops and deploys a simple guide within everyone's reach to find the best way to use money, paying attention to the impact it has not only on our lives, but also on those of others and on our planet.
The OECD’s Principles and Good Practices for Financial Education and Awareness recommend that financial education must be available for all and should start as early as possible and be taught in schools. Including financial education as part of the curriculum in school (all levels) is a fair and efficient policy tool. Financial iliteracy crosses all economic boundaries from low-income to high-income families, and even well-educated, high-income adults may not know how to budget properly or manage their money well.
According to Global Attractiveness Index 2020 Financial literacy is highest between the ages of 35 and 44; it is low in people under the age of 35 and very low in adult low skilled (over 50).
On the basis of that, in the following two years FLY will sustain the development among adults low skilled of financial literacy, providing all citizens with some of the tools that are indispensable today to build a peaceful, safe and sustainable future for themselves, their families and the planet; its innovative methodology relies on demand-drive and bottom up approaches that will lead partners in the creation of several strategic results:
1. Fly Platform (OER Platform) in Multilanguage version
2. A Practical Tool to Assess Financial Literacy
3. FLY Free Financial learning for Adults low skilled
4. Ethical and Sustainable Finance in Europe, a report
During the meeting, the consortium discussed the overall project implementation schedule, defining timelines and respective duties in the following months. The FLY official website will represent a repository of the project’s outputs, results, news and contacts. A Practical Tool to Assess Financial Literacy will be designed with the aim of measure the financial knowledge, behaviour and attitudes, useful to compare levels of financial literacy and financial inclusion across countries; and on which the 2 subsequent project results will be based, the creation of the FLY Free Financial learning for adults low skilled training courses, and the Ethical and Sustainable Finance in Europe report.
For further information about FLY project: https://fly-project.eu/
The European Commission's support for the production of this publication does not constitute an endorsement of the contents, which reflect the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein
Legal description – Creative Commons licensing: The materials published on the FLY project website are classified as Open Educational Resources' (OER) and can be freely (without permission of their creators): downloaded, used, reused, copied, adapted, and shared by users, with information about the source of their origin.