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Austria is doubling on financial literacy as a core pillar of economic self-determination, equity, and long-term national resilience. At its fifth meeting at the Ministry of Finance, the Financial Literacy Council outlined strategic priorities for the next two years and set the groundwork for a follow-up strategy beyond 2026.
The session marked a milestone by formally including the Federal Ministry for Women, Science and Research and appointing the Austrian National Bank (OeNB) as permanent co-chair. Finance State Secretary Barbara Eibinger-Miedl chaired the meeting, joined by Education Minister Christoph Wiederkehr, Social Affairs State Secretary Ulrike Königsberger-Ludwig, and OeNB Governor Robert Holzmann.
“Financial literacy is the foundation of economic autonomy,” said Eibinger-Miedl. “Understanding economic systems helps citizens make informed decisions whether managing a household budget, investing, or planning for retirement.”
Expanding Literacy from Classrooms to Citizens
Recent studies show a growing demand among youth for more robust financial education in schools. Education Minister Wiederkehr responded with new measures, including:
- Integrating finance-focused content into high school curricula starting 2027/28.
- Launching a new subject, Economy, Innovation, and Sustainability, in economic high schools this fall.
- Introducing a national certification for lower-secondary schools prioritizing financial, economic, and consumer education.
“From primary school through graduation, we’re embedding financial education into every stage of learning,” Wiederkehr said.
Financial Literacy as a Tool for Equality
Highlighting structural economic disparities, Königsberger-Ludwig emphasized that financial education is a lever for greater gender equity and economic inclusion.
“Young people need tools to avoid over-indebtedness. And women disproportionately affected by poverty benefit significantly from increased financial competence,” she noted. “Financial education enables independence.”
Strategy Continuity Through 2027 and Beyond
The Council reaffirmed its commitment to collaboration and unveiled upcoming enhancements to Finanznavi, Austria’s national financial education portal launched in 2024. Future upgrades aim to increase usability and visibility for citizens navigating key economic decisions.
The current national strategy runs through the end of 2026, with a follow-up already under development. After multi-stakeholder consultations, the final strategy document will be released in late 2026, ensuring a coordinated and inclusive approach.
“We are committed to growing financial competence across Austria through cooperation, continuity, and innovation,” said Eibinger-Miedl.
For updates and resources, visit finanznavi.gv.at.
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