This document discusses the objectives and key components of the Core Competencies Framework on Financial Literacy for Youth developed by the OECD International Network on Financial Education (OECD/INFE), and presents the flexible, outcome-based, core competencies framework itself.
It describes the basic level of financial literacy that is likely to be needed by all young people between the ages of 15 and 18 to fully and safely participate in economic and financial life. It also describes the more advanced competencies that may be expected among a portion of this age-group, particularly in countries where they may be required to make decisions about more sophisticated financial products.
The framework is designed to be applicable irrespective of the national education system or approach to skills development. It also recognises that the competencies described need to be combined with adequate financial consumer protection and financial inclusion in order to fully empower young people.
Source details:: OECD (2015), OECD/INFE Core competencies framework on financial literacy for youth
