Consumer’s Reader: Financial Literacy

Did you know that 53% of people between the ages of 25 and 39 in the European Union are likely to have difficulty meeting their financial obligations?

This is too high a percentage not to stop for a moment and pay attention to the movie here.

In the section "Consumer's Reader" we offer you several educational videos dedicated to informed consumer choice. The first of them is dedicated to financial literacy.

Consumers need to be aware of financial risks and opportunities, to make informed choices and to know where to go for help.

The video aims to empower citizens to become better informed consumers and to better manage their finances.

You need to be aware of financial risks and opportunities, to make informed choices and to know where to go for help. Make sure you are well-informed about your consumer rights and you develop your skill set to manage your income and improve your financial well-being.

Tips and trick on how to manage your finances:

  • Think carefully about whether you need a financial product (credit, investment, insurance) that could be risky, expensive or represent a long-term engagement.
  • Ask for advice from an independent advisor if you do not understand an offer.
  • Read carefully the pre-contractual information and try to compare offers from different providers.
  • Make sure you know your rights. For instance, if you purchase financial services online, you have a 14-day right of withdrawal thanks to existing EU consumer legislation.

If you experience problems with a financial service provider, contact a European Consumer Centre or the consumer organisation in your country.

Educational video on Financial Literacy produced on behalf of the European Commission (Directorate General for Justice and Consumers).

Manage your finances.

Your future. Your choice.

#PersonalFinance / #EU4Consumers

Press on the image to start a video with Bulgarian Audio and you can choose English subtitles, or follow the link to see the video with English Audio. Movie watching timeL 1:11 min

Find out more about how to manage your finances on ec.europa.eu/info/consumer-resources

Published on 23.11.2021 Back to news