Financial Literacy for Disadvantaged Families
- Published in Projects
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
- Area:
- Education
- Funding Agency:
- Erasmus+
- Period:
- 01/11/2020 - 31/10/2022
- Website:
- https://moneymattersproject.eu
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