Conceiving financial literacy as a key to ensuring economic access, growth, & empowerment of disadvantaged communities, this project had two main objectives: (1) increase the financial literacy of youth workers directly working with disadvantaged youngsters, & (2) increase social&labor market inclusion and entrepreneurial skills of disadvantaged young people by boosting their competencies & skills on financial literacy through non-formal education tools & methodologies. Moreover, the project had further specific objectives: (1) better quality recognition of youth work by improving the financial literacy of youth workers & its integration into youth work practices. (2) develop & share effective methods to help youth workers in reaching out to disadvantaged young people through financial literacy activities. - Increase general societal literacy & awareness of financial concepts as crucial for employment creation & life-long upskilling. - Foster cross-sectoral cooperation to allow greater synergies across different stakeholders & sectors to ensure the empowerment & inclusion of young people. - Promote inclusive growth & employment opportunities.
This project aimed to strengthen the employability of young people by supporting them to acquire & develop competencies & skills in financial literacy to downplay the effects of the COVID-19 crisis& foster social & labor market inclusion through an increased entrepreneurial spirit & mindset. The Consortium conceived & advocated that it is through the enhancement of these entrepreneurial competencies that young people are expected to better contribute to tackling challenges & identified problems in their daily lives, ensuring a proactive mindset that helps their access to the labor market both as employees or self-employed. In this context, the Consortium also aimed to provide additional financial literacy to youth organizations. The project takes as a foundational basis the non-formal education sector, seeing it as an effective channel to equip young people with the needed financial skills, behaviors, & knowledge. Finally, the project had a great focus on social inclusion. As was shared in the application, findings suggest that countries performing better at financial literacy have lower shares of the population at risk of poverty. Hence, the project was oriented to disadvantaged youth groups as final beneficiaries.