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Legal loopholes, Financial knowledge, Emotional manipulation, Lack of…
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Financial knowledge
lack of financial knowledge
- The results of the conducted research show that 18% of EU citizens display a high level of financial literacy, 64% a medium level, and the remaining 18% a low level - that’s means 1 out of 5 people have low financial literacy
social media disclaimers
- ESMA - on 6 February 2024, (the European Securities and Markets Authority) issued a warning for people posting investment recommendations on social media.
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raising budget for financial education
- General government expenditure in the EU on 'education' amounted to €806 billion or 4.7% of GDP in 2023.
poor, boring, passive education about finances
disinformation in social media
- Large-scale disinformation campaigns are a major challenge for Europe and require a coordinated response from EU countries, EU institutions, online platforms, news media and EU citizens
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