Learning by experiencing Escape Rooms: Financial Literacy for Adults
Jan. 2022 – Dec. 2024 | Erasmus+ | KA2 | Strategic Partnership |
Across European Union member states, financial literacy levels range from as high as 71% for the population in Scandinavian countries to as low as 13% in the southeast of Europe, according to the standard & Poor’s Rating Services Global Financial Literacy Survey – the world largest, most comprehensive global measurement of financial literacy.
Furthermore, according to the OECDN/INFE 2020 international Survey of adult Financial Literacy about a half of the EU adult population does not have a good enough understanding of basic financial concepts. The groups that are most affected by the problem of financial illiteracy are low-income groups, young people, and older people, among others.
Therefore, in the light of the current global financial – economic scenario, in which countries are experiencing economic crisis driven by COVID 19 pandemic, and in the light of the increase in financial frauds there is an urgent need to equip low financial literature adults belonging to rural areas with financial knowledge and skills.
The main aim of the project is to equip low financial literate adults (both employed and unemployed) belonging to rural areas with a specific and digital Financial Literacy learning process (e.g., Virtual Escape Room), in order to improve their individual financial wellbeing by enabling them to make sound financial decisions during their everyday life and/or for their businesses. The Escape Room Model – through the development of real-life scenarios – will support a more engaging and active understanding of financial topics.
- To improve Financial Literacy among adult people belonging to rural areas and improve their financial wellbeing.
- To provide low financial literate adults with an evaluated and innovative online training in the field of Financial Literacy.
- To raise awareness, knowledge, skills, attitudes and behaviours among adult people for improving their businesses’ financial wellbeing.
- To explore and measure the effectiveness of “Escape Room” approach for educational purpose.
- Desk and field research for identifying good practices about the successful exploitation of the Virtual Escape Room as teaching method
- Desk and field research for identifying needs, challenges and problems of adults in learning financial literacy
- Creation of a Virtual Escape Room Platform;
(SGGW) SZKOLA GLOWNA GOSPODARSTWA WIEJSKIEGO – PL
(Effebi) Fiannce & Banking, Associazione per lo sviluppo Organizzativo e delle Risorse Umane– IT
(IEF) FUNDACIÒN PRIVADA INSTITUT D’ESTUDIS FINANCERS – ES
Eurodimensions – ML
(FOLKUNIVERSITETET) STIFTELSEN KURSVERKSAMHETEN VID U-AUNIVERSITET –SE
VIRTUAL CAMPUS LDA – PT
DIMNITRA EDUCATION & CONSULTING SA – EL