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Helping bridge the gap in financial education

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WE PREPARE OURSELVES TO DELIVER INFORMATION THAT
CONTRIBUTES TO FINANCIAL EDUCATION.

Towards the end of 2018, the Depósito Central de Valores (DCV) developed – together with the consulting firm Cadem - the first Financial Knowledge Index (ICF) that revealed that 53% of Chileans had a low level of knowledge regarding financial issues. This reality must mobilize us. Thus, explaining what DCV does, why and how are some of the contents that we will begin sharing on our social network and that we will make available to everyone.

The study, carried out throughout the country, also showed that 31% of respondents have an average ICF, and only 16% of the population reaches a high level of financial knowledge.

This reality cannot leave us indifferent, especially because we are all subject to economic choices in our daily lives, whether we like it or not. The Organization for Economic Cooperation and Development, OECD, defines financial education as: “the process by which consumers, financial agents and investors improve their understanding of financial products, concepts and risks, and through information, training and objective advice, develop the skills and confidence to make informed decisions; to know where to go for help, and for taking other effective actions to improve their financial well-being”.

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Accordingly, from the institutions we run, whether large or small companies or individually, is from where we can contribute to the “financial well-being” mentioned previously, thus, helping shorten the gap in financial education. With this in mind, we want to contribute from our own reality. This is how, through our LinkedIn platform, in addition to the usual content, we will provide information about our company: what the Depósito Central de Valores (DCV) is, what it does, who regulates it, among a lot of other relevant information.

We believe that opening knowledge, explaining what we do and how we do it and sharing our work, is part of a small contribution to the community, which helps strengthen the financial education in our country.

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