A concerning study by Eurobarometer has revealed alarming financial literacy deficiencies among EU citizens. Almost half struggle to comprehend fundamental financial concepts such as inflation, with a shocking one-third unaware of its impact on their purchasing power. Despite inflation hitting unprecedented levels in the EU, a staggering 65% of citizens are aware of its erosive effects on their money’s value. The survey highlights significant disparities between EU countries, with the Netherlands, Denmark, Finland, and Estonia showing higher levels of financial knowledge, while Romania and Portugal lag behind. Overall, the EU has a disappointing 18% of citizens demonstrating high financial literacy, with men, older individuals, and those with higher education faring better in this regard.