The digitisation takes years revolutionising all the sectors, between them the economic one, in which the new technologies are very present in the trading activities of companies, but also in the personal finances.
This revolution has expanded the access to the financial services, but it has highlighted also that the understanding of financial concepts and the handling of digital tools have been returned essential to operate with accountability. Among others matters, this does that it is necessary to provide a special attention to the young, a group in development and growth that it is vulnerable to the risks that entails operate in this environment.
The young, as digital natives, assume technological progress of natural way, which is reflected in the management of its finances. For example: they maintain a relationship 100% digital with its bank, buy online and they pay with its telephone or with its smartwatch. However, in this environment, is fundamental to know also the risks that involves the use of the technology and acquire the abilities necessary to know act when dealing with frauds and cyberscams.
According to details of the Survey on cybersecurity and habits of service channel use digital elaborated by CECA, in collaboration with SigmaDos, 41% of people under 30 years old ensures have broad knowledge with regard to cybersecurity, but just 3 out of 10 attend to the informative statements and the recommendations that sends its company on this subject matter. These figures reassert the need of qualifying to the next generations in digital responsibilities, necessary to manage effectively its personal finances.
Before this situation, on 7 October is celebrated on the Day of the Financial Education and, under the protection of its tenth anniversary, various low activities will be driven the digital slogan “Finances: learns, innovates, moves forward”. The initiative, promoted by the Banco de España, the CNMV and the Ministry of the Economy, Trade and Company, looks for promote the financial culture of the town, and is supported every year by CECA, its associated companies (CaixaBank, Kutxabank and Cajasur Bank, ABANCA, Unicaja, Ibercaja Bank, Caixa Ontinyent, Colonya Pollença and Cecabank) and Funcas, reasserting its commitment with the promotion of a financial education accessible to all.
For the sector CECA, the financial education is an absolute priority and this does that is positioned as one of the largest investors in financial education in Spain, with a resource of nearly 18 million euros in the last six years. In 2023, allocated more than 2.58 million euros to more than about a hundred programmes, that they reached to 34 million people. In a clear reflection of the commitment of the sector with the next generations, nearly 60% of this investment was set aside for programmes for childhood and youth.
Similarly, Funcas has announced the new Survey on financial culture and education 2024, coordinated by Elisa Chuliá and María Miyar, a study that expects to measure the financial knowledge of the town and detect vulnerabilities, in order to promote efficient strategies that improve the people' financial responsibilities.
