Only one in five citizens in the European Union has a high level of financial literacy.

Omissions

• The specific Eurobarometer survey cited is Flash Eurobarometer 525 from 2023, which found 18% have high financial literacy, 64% medium, and 18% low.
• The claim slightly overstates the figure - the actual percentage is 18% rather than 20%.

Sources

• PrimaryEuropean Commission - Directorate-General for Financial Stability, Financial Services and Capital Markets UnionOnly 18% of EU citizens have a high level of financial literacy, 64% have a medium level, and 18% have a low level.
• SecondaryFlash Eurobarometer 525 - Monitoring the level of financial literacy in the EU (via AECM)On average, across the EU, 18% of respondents have a high score for their overall level of financial literacy, 64% have a medium score and 18% a low score.