A number of complications can get in the way of financial goals. Maybe you’ve been made redundant, you face an unexpected expense, or your savings are hit by an economic downturn. While some things are out of your control, financial milestones are often missed because of avoidable mistakes. In some cases, savers may not even realise where they’re going wrong.
According to the latest Eurobarometer survey on the subject, 18% of EU citizens display a high level of financial literacy. That’s compared to 64% who hold a medium level, and 18% who have a low level of knowledge. Only about a quarter of the respondents answered at least four out of five questions on financial knowledge correctly.
