Young Poysdorfer demand financial education - Money Monday enthusiastic!

Young Poysdorfer demand financial education - Money Monday enthusiastic!

Poysdorf, Österreich - The Sparkasse Poysdorf opened its doors for the event series "Money Monday", which was organized by the young People's Party (JVP) in the Mistelbach district. The aim of this series is to promote financial education among young people and to sensitize them to this important topic. There was great interest and the participants were looking forward to two informative lectures and networking opportunities for snacks and drinks.

The kick -off event had the topic "Investing in uncertain times". CEO Markus Fischer and customer supervisor Nadine Steffl brought important suggestions and tips to those present. Psychological behavior in dealing with finances also played a central role. Matthias Willau, Assistant Manager at KPMG Austria, informed about "psychological pitfalls in financial behavior". His exciting explanations showed how emotions and mistakes in thinking can influence our financial behavior and how to encounter these challenges.

importance of financial education for young people

Clemens Obetzhauser, the district chairman of the JVP Mistelbach, underlined the importance of these educational measures. According to a current youth study, 75 % of young people believe that it is important to deal with money issues. Around 51 % find out online about financial issues, while 37 % prefer personal conversations. These figures illustrate how much interest in financial education is anchored in the young generation. Bankenverband emphasizes that 85 % of the respondents are convinced that they have "good" or "very good" under control. The increase in interests of stocks and securities, where 31 % of young people are now actively invested, is particularly impressive compared to only 9 % in 2018.

Nevertheless, there are challenges. Another study note that there are gaps in education in business and finance. Only 18 % of those surveyed know how high the current inflation rate is, although 74 % are familiar with the term. This ignorance can have a negative impact on savings and investment decisions, as the research of Ing .

outlook on further events

The positive response to the first event has caused the JVP to continue the "Money Monday" series in the future. This initiative is a step in the right direction to support and train young people on their way to financial independence.

With the right knowledge in the luggage and the interest of taking responsibility, the young people from Poysdorf and the surrounding area can develop a good hand for their own financial future. In this way, the topic of financial education will continue to be more space in the future, and it is to be hoped that many young people will benefit from these offers.