The pandemic crisis in Europe and around the world is having a fatal impact on the economy. The economic problems of countries are reflected in the lives of families and individuals. There are many families for whom the debts remain a profound and ongoing issue. In addition, rising inflation is coming. For many adults, the lack of appropriate financial literacy is at the center of these ongoing problems. If there are any lessons to be learned from the recent events in Europe, it must surely be acknowledged that financial literacy is a key literacy for all Europeans if we are to achieve the inclusive and equitable society that is one of the core EU objectives.
Families cannot issue bonds or get support from the European Central Bank. When families are caught up in dire financial circumstances, there are a limited number of options available to overcome their problems. These problems will not go away, and one of the main factors hindering the possible resolution of family debt is the lack of key financial literacy skills. The Piggy Bank project is an excellent tool for developing financial literacy skills. The project offers modern and user-friendly educational resources for all family members.
The aim of the project is to support family financial education for all members of the household, from the young kids to the parents and grandparents in order to foster a more realistic understanding of family economics.
There are 6 outputs developed as follows:
- 12 Comic Books for younger children
- 12 Online Educational Escape Room for teenagers between the ages of 13 and 18
- 12 WebQuests for young people between the ages of 19 and 25
- A Workshop Training Program for parents and guardians to ensure that they build their own financial understanding and can facilitate and manage the proposed family learning model at home.
- A Training Program for Professionals on the field Finance Consultants, and other Vocational Education Trainers in relevant fields.
- A fully mobile online learning platform that will allow full accessibility of these resources.