Financial Literacy for Disadvantaged Families

One of the main factors hindering possible resolutions of family debt is the lack of key financial literacy skills that currently pertain in most low-skilled communities where debt burdens remain high.

For many individuals, the support agencies that have been established come with a stigma, stress, and embarrassment while many of the effected adults do not have the self-confidence to contact their financial institution and begin the process of restructuring or reconciling their indebtedness. Thus, building financial literacy in a non-threatening environment can be the first step on the road to recovery.

Adult and community education settings are the perfect vehicle to begin the literacy raising process through a family learning approach. Effective family learning requires a bottom-up approach in that family are considered in the design of any proposed learning materials.

INNOVADE, in collaboration with partners from 5 EU countries, participate in the project Money Matters, under the ERASMUS+ KA2 programme of the European Commission.

The project aims to produce new pedagogic practices that impact adult education provision by supporting family learning through new digital learning tools.

Additional Info

Funding Agency:
01/11/2020 - 31/10/2022