42% support introducing financial education as a compulsory subject from sixth grade onwards.
40 percent (!) want financial education to be mandatory for career politicians.
13% of survey participants agree that financial education is a private matter and part of family upbringing.
5% believe that there are enough offers in daily newspapers, books and social media.
“The result of this survey – especially the high rate of professional politicians’ commitment to financial education – is certainly influenced by emotions and subjective prejudices due to current economic conditions,” says Frank Weingarts, Chairman of the Degree Forum Austria. He continues: “In fact, insufficient knowledge of financial products and lack of communication about the long-term implications of financial decisions are the biggest obstacles to the correct handling of money and investment success. Financial education can help make decisions based on rationality rather than greed.
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