Project overview

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Context

The new “adult” generations face difficulties in shaping their future, especially in pursuing personal and financial independence and exploring new professional directions.

Indeed, the absence of “simple” key competencies for lifelong learning and innovative and entrepreneurial thoughts and attitudes based on empowerment and awareness-oriented financial education is the motto for the emergence and/or perpetuity of phenomena of social exclusion.

In this context, we identify the social problem of social exclusion arising from a set of fracturing socio-economic problems in today’s societies related to the low level of financial literacy of families (especially young people) and the inability of systems (primarily educational, social and family) in solving it.

Vision

Young people who build financially sustainable life projects in more capable societies.

Mission

Consolidation of a basic methodology for the implementation and creation of an economic and financial literacy program and empowerment of young people with new knowledge and experiences that emphasise their potential in building their life project, promotion of new opportunities, initiatives, and activities that emphasise equal access to personal, social and professional development opportunities for young people and advancement of youth participation in society as a future generation.

Objectives

The project aims to combat social exclusion and/or poverty among young people, resulting from low economic and financial knowledge, through:

• Test/revise/update the PRO(F)LITERACY intervention program;
• Disseminate and exploit the PRO(F)LITERACY 2.0 program in practice and on a European scale, to train youth workers in financial literacy work and increase the literacy of young Europeans;
• Create sustainable international work networks in the field of financial literacy.

Results

Tangible

• PRO(F)LITERACY 2.0 – intervention program for financial literacy;
• Booklet;
• Community of practice (youth workers) in the area of financial literacy;
• Dissemination content/materials.

Intangible

Development of learning/skills:

• From the key competences for lifelong learning – a European framework;
• From Entrecomp: European entrepreneurship competence framework;
• Thematic (financial literacy);
• Project management;
• Working in partnership and transnational network.

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Launch of PRO(F)LITERACY 2.0: Empowering Youth Through Financial Literacy

In September 2023, the PRO(F)LITERACY 2.0 project was officially launched, marking the beginning of an 18-month initiative to address social exclusion and poverty among young people by improving financial and economic literacy.

Project Goals

The PRO(F)LITERACY 2.0 program focuses on:

• Testing, revising, and updating the financial literacy intervention program.
• Expanding the program’s reach across Europe by training youth workers and increasing financial knowledge among young people.
• Establishing sustainable international networks to promote financial literacy and empower youth.

Milestones Achieved

• Kick-Off Meeting in Tallinn, Estonia (October 2023):
  Partners gathered to define project objectives, establish timelines, and allocate tasks. Discussions covered dissemination strategies, risk assessments, and guidelines for effective implementation.
• Training Course in Porto, Portugal (December 2023):
  Youth workers from across Europe collaborated to exchange best practices, strengthen financial and entrepreneurial skills, and co-develop tools to engage young people effectively in financial education.

Recent Highlights:

• Virtual Mobility Sessions:
  Partners hosted sessions like the “Tax Systems Roundtable” and “Challenges Faced by Youth Workers in Financial Literacy,” fostering rich discussions on tax systems, cultural taboos, and effective teaching strategies.
• Local Workshop Series:
  A series of workshops empowered local communities by addressing practical financial challenges, promoting lifelong learning, and offering sustainable solutions.
• Second Work Session in Bari, Italy (May 2024):
  Focused on advancing project progress, materials development, and international networking, this meeting set the stage for future impactful initiatives.
• Youth Exchange in Porto, Portugal (June 2024):
  Bringing together 35 youth and youth workers, this event enhanced financial literacy, intercultural collaboration, and skill-building aligned with the European Competence Framework (EntreComp).

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PRO(F)LITERACY 2.0 Financial Literacy Intervention Programme. This manual has been developed as part of the Competence Based Development Programme for Financial Literacy.

The handbook serves as a practical tool for youth workers and young Europeans, providing guidance and resources to build financial literacy. It reflects the collaborative efforts of the consortium and seeks to empower its users with the knowledge and skills needed to make informed, confident financial decisions in their everyday lives.

Click below to check it out!

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