CCPC welcomes publication of Ireland’s first National Financial Literacy Strategy
February 20, 2025
The Competition and Consumer Protection Commission (CCPC) welcomes the publication of Ireland’s first National Financial Literacy Strategy by the Minister for Finance, Paschal Donohoe T.D. This is a significant step in enhancing consumers’ financial literacy and wellbeing in Ireland, and promoting access to financial services, regardless of background or income.
Currently, only 57% of adults in Ireland meet the minimum level of financial literacy as set out by the Organisation for Economic Co-operation and Development (OECD). This increases their risk of making uninformed financial decisions. Financial literacy not only helps individuals and households improve their financial wellbeing but also fosters a healthier economy which in turn benefits communities, businesses, and society.
Kevin O’Brien, Commission member with the CCPC, added:
“We’re delighted to see the publication of the National Financial Literacy Strategy and look forward to working with organisations from across Ireland to improve levels of financial literacy and wellbeing. The CCPC will continue to play our part by delivering educational resources and funding, undertaking consumer research and running information campaigns.
At the CCPC, our mission is to protect, inform and empower consumers. Information they share with us through our website and helpline allows us to identify and adapt to evolving trends. Online shopping, new and easily accessible credit, and digital finance are just some of the factors influencing people’s financial choices and making this an increasingly challenging area. Equipping people with the knowledge, skills and tools to manage their finances in a changing world is key in improving people’s financial wellbeing.”
The CCPC works hard to ensure the continued integration of financial education into the school curriculum, so that children, young people, and adults alike are equipped with essential financial skills for life.
The CCPC’s wide remit includes promoting financial education initiatives to help address the gap of financial literacy in Ireland, including successfully advocating for the National Financial Literacy Strategy. The CCPC carries out this role by conducting public awareness campaigns on personal finance issues, supporting the development of financial education programmes for all ages, and providing free, independent financial comparison tools and personal finance information on our website.
To view the strategy in full, visit Gov.ie
Return to News