Over the past decade, a quiet but profound transformation has taken place in the way people engage with their money. Digital banking systems, personal finance apps, and open banking frameworks all promised one central outcome: transparency. Money, it was said, would no longer be a black box. Every transaction would be recorded, every expense categorized, and every user would know exactly where their money was going. That promise has largely been fulfilled, at least on a techn

Financial knowledge is power - but only when it’s accessible, clear, and turned into action. Beyond the National Average - A Complex Financial Landscape A new study by the Bank of Israel reports an average national financial literacy score of 64 - a figure that seems stable, yet masks deep disparities between different population groups. Rather than reflecting a picture of stability, the average hides a reality in which knowledge and financial behavior vary dramatically acros

The OECD’s latest Financial Literacy Report (2023) offers a clear look into one of the most persistent and overlooked challenges of modern life, the widespread lack of financial clarity. According to the findings, more than sixty percent of adults in developed countries do not understand basic concepts such as compound interest, inflation, or the debt to income ratio. Among younger generations, the picture is even more concerning, only one in three can explain how everyday fi

Managing your finances can feel overwhelming. Most people want to save more, get out of debt, or build financial security, but few know where to start. The good news is that you don’t have to do it alone. A supportive financial community can provide exactly what’s missing - a space to learn, share, and grow alongside others who face the same challenges. EchoNomics  was created to make financial conversations simple, social, and empowering. It combines real financial data, art