“Financial literacy is a life-long journey. Our behaviour, attitudes and understanding of our financial life, whether as a student, applying for a mortgage, understanding a tax return, planning a pension or managing money on a day-to-day basis, are important elements of our overall financial wellbeing.”
~ Minister for Finance, Paschal Donohoe TD

The strategy will be implemented from 2025 to 2029.

In April 2024, the Department of Finance released the Mapping Report on developing a national financial literacy strategy. The report emphasized the need for such a strategy to:

• Protect consumers

• Enhance financial wellbeing

• Improve coordination among financial educators

• Promote effective and efficient practices

According to the OECD-INFE 2023 International Survey of Adult Financial Literacy, nearly six in ten adults in Ireland meet the minimum OECD financial literacy standard. This means they can:

• Easily manage their daily finances

• Plan for their long-term financial wellbeing

However, the survey also highlights that more than four in ten adults in Ireland fall below this standard. As a result, they face challenges with:

• Money management

• Debt

• Securing long-term financial stability

The Strategy’s mission is to improve the level of financial literacy in Ireland through a vibrant financial literacy eco-system – increasing cooperation, coordination and cohesion – and supporting greater overall financial resilience and wellbeing.