Financial Literacy: an Essential Skill for the Future in Portugal

Financial literacy is fundamental to individual and collective well-being. Knowing how to manage money responsibly, make informed decisions and plan for the future is crucial to achieving a more prosperous and secure life.

A recent study by the Bank of Portugal revealed that, despite being at the OECD average, there are still significant gaps, especially in terms of knowledge.

It is in this context that financial education becomes fundamental. It is crucial to teach children and young people how to handle money from an early age, equipping them with the tools and knowledge they need to make sound decisions in the future.

Investing in the financial education of the younger generations is investing in the future of Portugal! By promoting a culture of financial responsibility, we can contribute to a more resilient society, prepared for the economic challenges ahead.

And how can we achieve this?

• Strengthening the role of financial education in schools: Integrating financial literacy content into school curricula is crucial to reaching a wide audience and ensuring that all young people have access to this essential knowledge.

• Promote awareness campaigns: Through information and awareness campaigns, we can make the population aware of the importance of financial literacy and encourage the adoption of healthy financial practices.

• Encourage collaboration between different entities: It is essential for the government, the financial sector, schools and civil society organizations to work together to create an ecosystem conducive to promoting financial literacy.

At DSIC we believe that financial education is fundamental to the well-being of individuals and society as a whole. That’s why, as well as encouraging debate on the subject, we offer free, personalized and independent financial advice. We help people make more informed financial decisions.

Together, we can make a difference!