Toss Leads Change in Financial Lives of Youth with Borderline Intellectual Function Through Six Months of Financial Education

Financial Literacy Survey: Average Score Rises from 44 to 79
80% Improvement, Surpassing the 50% Target
Behavior-Based Assessment Scores Also Increase

Viva Republica, the operator of Toss, announced on October 1 that it held a results-sharing event for the "Borderline Intellectual Function Youth Financial Self-Help Group," which was conducted in collaboration with the Seoul Borderline Intellectual Function Lifelong Education Support Center and the social enterprise Freewhale, and revealed the outcomes of six months of educational efforts.

Toss

The project targeted young adults with borderline intellectual function who need support in financial management, including 10 such employees currently working at Freewhale.

The program provided financial education, training on the prevention of financial fraud, small group activities on saving, investing, and consumption management, as well as monthly one-on-one consulting sessions.

As a result of the project, participants' financial literacy improved significantly. According to a financial literacy survey, the average score increased from 44 points at the start of the project to 79 points at the end, marking an 80% improvement and exceeding the initial goal of a 50% increase.

The behavior-based assessment scores for both participants and their parents also rose.

Across five areas-financial attitude, income management, savings utilization, consumption habits, and credit management-the participants' average score increased from 3.5 out of 5 in the first assessment to 4.2 in the final assessment. Notably, the scores for financial attitude, consumption habits, and credit management reached 4.4 points.

A Toss representative stated, "Observing the changes in participants' financial lives over the past six months has highlighted the importance of continuous and repetitive customized education," adding, "We will continue to expand our support so that financially marginalized groups, including individuals with borderline intellectual function, can lead safe and independent financial lives."

Meanwhile, last year Toss signed a business agreement with the Seoul Metropolitan Government and donated 100 million won in proceeds from the publication of "The Money Book," officially launching its support for individuals with borderline intellectual function.

This content was produced with the assistance of AI translation services.