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Financial Skills Spotlight Application Round Is Now Closed And The Innovations Are Under Review!

16.9.2019 | BY NOORA RUOHO & PUKHRAJ RANJAN
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The review period for the Spotlight on Financial Skills for the Youth has commenced! Find out what HundrED researcher, Noora Ruoho, has to say about the submission period and what will happen next.  


 

In the current global and technological world, fluent financial skills are a crucial part of every person’s well-being. The importance of financial skills is further emphasized because of the increasingly easier access to money in the form of various digital applications. These applications bring financial services closer to young people and therefore, there is a need we prepare them on how to use and navigate these services.

Today young people are facing more and more complex financial issues related to their future. In Finland, there is a growing concern about the financial sustainability of people.

Over 90% of the Finnish teachers and students think that teaching financial skills is important. At the same time, only one out of five students feel that they receive adequate financial expertise during education. It is therefore important to recognize educational innovations that help young people to learn the financial skills they need.

In the past few months, our research team has reviewed 84 financial education innovations across 20+ countries including the ones tipped by our community. This has led to some of them to submit their innovations offering inspiring solutions to challenges in youth financial education and to providing resources for a financially sustainable society. 

The Spotlight submissions for Financial Skills for the Youth include innovators from schools, non-profits, government agencies, community centers, universities, research projects, and local companies. 

We are thrilled to share more in the coming weeks and months but would like to take the opportunity to thank the OP Financial Group from Finland without whom this Spotlight would not have been possible.

What happens next? 

The next phase of the selection process includes a thorough review of all eligible applications by HundrED’s research team and advisory board with strengths in finance education. The deep insights gained through the Spotlight are then shared with the world in the form of a report, which will be revealed later this year.

 


Learn more about our Spotlight on Youth Financial Skills here