Basic financial education in vulnerable situations: the key to economic participation

The project

FIBI-LA

FIBI-LA aims to use a mixed-methods design in interdisciplinary collaboration between adult education and social work as well as in academic-practice cooperation to investigate the gap in research and practice on the acquisition and teaching of basic financial literacy to adults in vulnerable life situations (disability and over-indebtedness) and professionals working there.
In coping with economically shaped life situations and decision-making necessities, these life situations are not only characterised by their risks of precarisation and disadvantage, but are further exacerbated by limited self-determination (dependency, e.g. social benefits), stereotyping (low attribution of competence) and moralisation of the life situation (own fault).
If the aim is to achieve the greatest possible self-determined economic participation in such life situations, the financial competence development of the subjects must be combined with the empowerment of specialists in pedagogical mediation in non-school places relevant to everyday life in order to establish opportunity structures for informal learning as building blocks of basic financial education.
The outcome of the multi-stage research design is findings from mixed-methods data sets on basic financial education in vulnerable life situations as well as low-threshold educational materials (podcasts; explanatory films; portfolio tool) for target groups and professionals developed and evaluated in academic-practical cooperation.