Beyond the Basics: The Importance of Lifelong Financial Education

While other countries such as Sweden, Canada and Australia are already investing a lot in the financial education of their population, Austria still seems to leave this need of Austrians largely unfulfilled. A comprehensive knowledge of one's own financial challenges and opportunities is an essential tool not only for shaping one's life flexibly, but also for securing oneself and the next generation. Therefore, now is the time to talk about money. We are not asking ourselves why we are lagging behind in international comparison, but want to find solutions. Savings, pensions and investment products, loans, insurance and taxes: what does sound financial education entail? Where and at what age do we need to start with regard to financial education, and how can we bridge social barriers to give everyone the same educational opportunities?