Financial Capability: Background and further information
Report on Financial Capability for Europe's Youth and Pre-retirees (July 2012)
In the framework of Enterprise 2020, CSR Europe, Citi Foundation and Money Advice Service, with the support of other stakeholders, launch the final results of the collaborative project on Financial Capability for Europe´s Youth and Pre-retirees. Empowering people to better plan their financial futures is an important challenge for businesses, governments and the EU. The project aimed to identify the key financial capability issues facing young people and those approaching retirement. In the final report, you will find recommendations on how to improve the financial capability of people in Europe and how governments, financial services providers and employers can address this challenge. The report is available to download in four languages (English, French, Spanish and Polish):
Survey on European Youth Financial Attitudes (Dec 2011)
In December 2011, CSR Europe, the Citi Foundation and Money Advice Service undertook a survey of European Youth in order to understand how young consumers (aged 16-30) in France, UK, Spain and Poland make financial decisions.
Download this report for a detailed summary of the survey findings.
Report on Financial Capability for people in Europe approaching retirement (Dec 2011)
This report, co-written by CSR Europe, the Citi Foundation and Money Advice Service, presents the results of a study into the financial capability of people in Europe approaching retirement, those aged between 55 and 64. The context for this study is demographic change: increasing longevity, the ageing of populations and the imminent retirement of the baby boomer generation.
In this report we review, analyse and summarise the research that has been undertaken into financial capability in Europe, in the context of demographic change and changing pension systems. We present an overview of the 27 Member States of the European Union (EU27) and then an in-depth comparison of France, Poland, Spain and the UK. We also compare and contrast systems in place to provide financial education and to support people making the important and difficult decisions about their retirement.