National Strategy for Financial Literacy in Austria
About the project
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.
Date of publication
A National Financial Literacy Strategy for Austria
The national financial literacy strategy for Austria will guide the actions of Austrian stakeholders for the next five years. It creates a Financial Literacy Stakeholder Council and it identifies policy priorities based on evidence. It presents over forty action tools to support the strategy's implementation, and defines an impact evaluation framework. Its ultimate objective is to increase the financial well-being of people living in Austria over the long-term. The design of the strategy is in line with the OECD Council Recommendation on Financial Literacy.
The strategy was presented to the press on 23 September by Federal Finance Minister Blümel and the Head of the OECD Berlin Centre Nicola Brandt with remarks by the OECD Secretary-General Mathias Cormann, EU Commissioner for financial services Mairead McGuinness and DG REFORM Director General Mario Nava. It was officially adopted by the Council of Ministers in its 29 September session
Speech by the OECD Secretary-General (DE) (English text)
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 Directorate General for Structural
Andrea Grifoni, Policy Advisor, Consumer Finance, Insurance and Pensions Divsion