Under the title “MoneyMatters,” Bank Austria offers a combination of workshops and an online platform enabling students to build up their financial knowledge.
Just under 23% of the clients of debt advisory services and Austria are 30 years old at most.
Financial education is an effective means of avoiding debts. With “MoneyMatters”, a project in the context of our Social Impact Banking initiative, we bring this financial education together with our well-known partner the Austrian Social and Economic Museum into schools.
The program relies on the program “Start-up Your Life,” which was developed by UniCredit, but adapted for Austrian schools. “Start-up Your Life” soon received from Brandon Hall Group the distinction of being the “Best Unique or Innovative Learning and Development Program.”
With “MoneyMatters”, we show that even a complicated topic like “Money and finances” can be treated in a way that makes sense for young people. Short videos, quiz questions, fill-in-the-blank tests or animated graphics communicate the contents.
“MoneyMatters” is starting this school year in selected schools in the pilot region of Burgenland. 2020 will see the major step to schools all over Austria.