Date of publication
Financial Literacy in Austria: Relevance, evidence and provision
This report contributes to the necessary evidence and analysis required for the design of a national financial literacy strategy in Austria and presents a mapping of the actors directly involved or with an interest in financial literacy, and the financial literacy initiatives currently being implemented in the country.
In line with the OECD Council Recommendation on Financial Literacy, which advocates actively reporting and publicising the results of the preparatory phase of a national strategy, this report is published and intended not only for relevant stakeholders across government, independent authorities, not-for-profit and private sectors, but also for the general public.
With funding by the European Union via the
Andrea Grifoni, Policy Advisor, Consumer Finance, Insurance and Pensions Divsion
This project is the result of the cooperation between the Austrian Federal Ministry of Finance, which has requested support from the European Commission under the Structural Reform Support Programme 2017-2020; the European Commission; and the OECD, designated as implementing partner of the project.
This work is carried out with funding by the European Union via the Structural Reform Support Programme and in cooperation with the European Commission’s DG Structural Reform Support.
The project involves mapping existing financial education activities in Austria and developing a national financial literacy strategy to:
increase citizens' awareness, skills and understanding of financial literacy
support citizens in making informed decisions about the wide range of financial products and services existing on the market
support citizens to make sustainable financial choices in relation to their personally disposable income
The national financial literacy strategy will also promote a better use of resources, support investor and consumer protection, facilitate cooperation among Austrian public authorities and stakeholders, and contribute to the effectiveness of financial education initiatives in the country.