Financial education for everyone: Austria's schools in the sign of equal opportunities!

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Bildungsminister Wiederkehr stellt am 28.05.2025 neue Maßnahmen zur Finanzbildung in Österreich vor, um Chancengleichheit zu fördern.
Minister of Education Return will present new financial education measures in Austria on May 28, 2025 to promote equal opportunities. (Symbolbild/DNAT)

On May 28, 2025, Education Minister Christoph Return presented new measures to strengthen financial education in schools. This initiative aims to give economic and financial education the same status as reading and writing. In this context, a new subject of teaching entitled "Economy, Innovation and Sustainability" is introduced. Neos education spokeswoman Martina von Künsberg Sarre emphasized the importance of these measures for equal opportunities and the ability to make self-determined life.

Neos capital market spokesman Christoph Pramhofer pointed out the growing importance of financial education for young people. At a time when many young people show interest in modern financial instruments and think about topics such as home ownership and retirement provision, it is important to promote an informed society. At the same time, there is widespread skepticism in the population towards the capital markets, which is to be reduced by targeted educational measures. This shows how essential a comprehensive financial education is to create trust in the economy and the financial world.

Financial education in Europe

In Germany, finance minister Christian Lindner and Minister of Education Bettina Stark-Watzinger are planning a national financial education strategy. This strategy, which is also based on the OECD recommendations, is intended to help increase the financial knowledge of the population. Lindner emphasizes that practical learning materials are to be developed that are based on various population groups. The OECD has identified five central areas in which financial education must be improved:

  • save and pension scheme
  • Participation in the financial market
  • budget planning
  • Responsible handling of loans
  • digital financial competence
In addition, communication campaigns are planned to clarify the population about financial issues. The federal government will take up these proposals and develop its own strategy for financial education. The aim is that these education initiatives become part of the federal government's growth strategy and thus strengthens financial education in the general public.

Overall, both the Austrian and German initiatives show that financial education is seen as a fundamental element for personal and social development. It is important that such educational approaches are promoted in all countries in order to create a better understanding of economic relationships and to enable people to make informed decisions about their finances.

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