Germany

2022 Germany Global Money Week

PARTICIPATING ORGANISATIONS:

  • funnymoney.de, Bündnis Ökonomische Bildung Deutschland (BÖB), Bundesverband Deutscher Volks- und Betriebswirte (BDVB), Deutsche Bundesbank, KfW Bank, Bündnis 90/Die Grünen, Österreichische Botschaft Berlin, Bund der Steuerzahler Deutschland, Fachhochschule Dortmund, FOM Hochschule, Zentrum für Ökonomische Bildung in Siegen (ZöBiS), Frankfurt School of Finance & Management, Konrad-Klepping-Berufskolleg, Berufsschule Oldenburg-Miltenberg, Netzwerk Finanzkompetenz NRW, Präventionsnetzwerk Finanzkompetenz e.V., Stiftung Rechnen, Stiftung Deutschland im Plus, Flossbach von Storch Stiftung, Digital Euro Association (DEA), IW JUNIOR gGmbH, WirtschaftsWerkstatt, WERTvoll macht Schule, Bricklebrit, Geldbiografien, Geldfrau, Was verdient die Frau?, Prediqma GmbH, Börsen Bunch TV, BöAG Börsen AG, Aktiengram, Mathe mit Nick, Book of Finance, Fiuse, GetMoBi, FinLit Foundation, Helmut Peters, Cashless München, Diakonie Hamburg, Runder Tisch Verbraucherbildung Dortmund

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 40

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 11,874

NUMBER OF ADULTS REACHED DIRECTLY:

  • 150

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 27,142

Financial education is on the rise in Germany! The number of events, the number of organisations participating in the Global Money Week, as well as the audience roughly doubled in 2022.

ESMT Berlin in collaboration with the Austrian embassy to Germany organised a panel on financial education to start the week, to which the Head of the OECD Berlin Centre and the Co-Head of the Bündnis Ökonomische Bildung Deutschland participated among others.

One of the key contributing factors was an overwhelming social media outreach generated by organisations such as WERTvoll macht Schule, fiuse, Stiftung Deutschland im Plus, Mano Moneta, Helmut Peters, and Geldfrau, to mention just a few. Podcast episodes and blog articles on financial issues were released by Aktiengram and IW JUNIOR. Funnymoney provided a YouTube series about the first steps to be taken after moving out from your parents’ house. YouTube live events were also held by GetMoBie, W2 on Air, and Börsen Bunch TV. Online lectures and seminars were organised by the Flossbach von Storch Stiftung, Präventionsnetzwerk Finanzkompetenz, Fachhochschule Dortmund, ZöBiS (University of Siegen), Diakonie Hamburg, Bund der Steuerzahler Deutschland, the Deutsche Bundesbank, bricklebrit, and many more. The Deutsche Bundesbank invited students to discover the Money Museum through a digital walkabout, and Cashless München offered a new virtual version of their educational boardgame “Geld und Glück” to be played online.

Expert talks hosted by Bundesverband Deutscher Volks- und Betriebswirte, the largest professional association of economists in Germany, covered more specialised issues such as social trading, career opportunities in the banking sector, and intergenerational justice in taxation. ADHD was addressed in the context of money management, while “Was verdient die Frau” together with Geldbiografien helped young women understand the importance of money with a focus on gender inequality.

In the federal states of Bavaria and Northrhine-Westfalia, schools like the Konrad-Klepping-Berufskolleg in Dortmund were visited by experts. Netzwerk Finanzkompetenz NRW, a network organisation for debt prevention, hosted a training course for school teachers. Schools throughout Germany submitted questions to a new Q&A format covering the nature of money (Monday), the banking sector (Tuesday), the stock market (Wednesday), public finances (Thursday) and cryptocurrencies (Friday). Renowned experts answered their questions and these included the Federal Minister for Family Affairs, professors, former chief economist of the Deutsche Bank, Chairman of the Digital Euro Association, funnymoney team and the former head of the financial markets news department at Germany’s public-service broadcaster ZDF.

2021 Germany Global Money Week

PARTICIPATING ORGANISATIONS:

  • funnymoney, Bündnis Ökonomische Bildung (BÖB), Bundesverband Deutscher Volks- und Betriebswirte (bdvb), Netzwerk Finanzkompetenz NRW, Fachhochschule Dortmund, KOMM Recklinghausen, WERTvoll macht Schule, Stiftung Rechnen, fiuse, Stiftung Würth, Stiftung Deutschland im Plus, Goldfink, Börsen AG, Digital Euro Assosciation, Finanzkidz, finlit foundation, Flossbach von Storch Stiftung, FOM Hochschule, Geld Biografien, CASHLESS München, Präventionsnetzwerk Finanzkompetenz, Stadtsparkasse Düsseldorf, Kohlekumpel, Flossbach von Storch Research Institute

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 26

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 498

NUMBER OF ADULTS REACHED DIRECTLY:

  • 111

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 8,135

Thanks to the contribution of 26 non-governmental organisations including the newly founded Bündnis Ökonomische Bildung Deutschland, Global Money Week 2021 set a landmark for financial literacy in Germany. More than 8,000 youth, young adults and teachers were reached in 37 web-based events during GMW2021. Contributions included online lectures and interviews, panel discussions, Q&A sessions broadcast on social media as well as a digital escape room game that covered topics as diverse as the production of cash, the history of fiat money and the prospects of digital currencies, the importance of the stock market, saving and spending as well as investing in funds.

In the launch event hosted by Bundesverband Deutscher Volks- und Betriebswirte, the head of the OECD Berlin Centre highlighted the fact that financial education is of vital importance not only with regard to one’s own personal well-being but also in the process of democratic decision-making.

2019 Germany Global Money Week

LEADING ORGANISATIONS:

  • FunnyMoney

PARTICIPATING ORGANISATIONS:

  • 1 Adult Education Center, 2 Media Organisations, Börse Düsseldorf, Deutsche Gesellschaft für Finanzkompetenz, Fachhochschule Dortmund, Netzwerk Finanzkompetenz NRW, VHS Köln, WERTvoll macht Schule

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 125

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 1 200

FunnyMoney
Once again, FunnyMoney participated with a lot of enthusiasm! Prior to the Week, the organisation promoted the GMW activities on a local radio station. During the Week, the activities started at the Düsseldorf Stock Exchange, where representatives talked about the demographic changes within Germany and how this can result in challenges for the current and future generations. Visits to schools and centers for adult education, where young adults were taught on skills needed to be financial stable, were organised. Together with the Network for Financial Competencies, FunnyMoney educated schoolteachers about using new media in schools to teach financial literacy. FunnyMoney hosted a live Instagram session to talk about the importance of financial values. The Week came to a close with a presentation at the University for Applied Science in Dortmund on Financial Psychology.

2018 Germany Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

  • BoerseKiosk.de
  • Börse Düsseldorf
  • Deutscher Mittelstandsanleihen Fonds
  • Fairr.de
  • Kutzer Live
  • Urgewald

NUMBER OF CHILDREN REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 979

FunnyMoney
For this year’s Global Money Week celebrations, FunnyMoney decided do something different. As the organisation was limited due to their travel range, they decided to use social media to spread the message of financial education. The were able to use a big investor’s exhibition in Düsseldorf to interview some very interesting experts on the issue “Why Money Matters Matter”. After a long day of shooting video footage and a lot more days of editing, they released six interviews with six different perspectives on the matter. Looking at the video metrics they already reached over 1000 people and hopefully a lot more will see it in the future.

2017 Germany Global Money Week

HOST OF THE GLOBAL LAUCCH EVENT OF THE GMW:

PARTICIPATING ORGANISATIONS:

For the first time, in 2017, the Global Launch of Global Money Week was held in Germany at the premises of the Money Museum of the Deutsche Bundesbank (German Central Bank) with the support of the German Presidency of the G20.

An interactive event with children and TV show celebrities, hosted by the Bundesbank Board member Dr. Andreas Dombret kicked off the celebrations in Germany and all around the world! The morning continued with an interactive show led by Ralph Caspers, Moderator of the educational TV-show “Wissen macht Ah!” in the Bundesbank’s Money Museum, which was recently opened to the public again. Finally, groups of experts and organisations from Germany engaged in Global Money Week and financial education projects discussed the most effective ways of teaching financial education to the children. Among the speakers were representatives of Learn Money and My Finance Coach Stiftung.

Throughout the week other celebrations and activities took place. My Finance Coach also led activities during GMW 2017. Financial literacy awareness sessions were offered to children, youth and adults. Sessions focused on informing students about the importance of handling money, spending wisely and saving. In addition, teachers prepared themselves to teach students more about finance. Throughout the teacher trainings the participants received more background information to be able to understand behavioural finance, so that they were able to teach their students basic knowledge.

For more than 6 years Founder of Learn Money e.V. and Finance Experts Carola Ferstl/n-tv and Henrik Naujoks/BAIN &COMPANY have been teaching children in different cities about money. Together with trainees of BAIN & Company they visited 6 schools in Düsseldorf and spoke to kids aged 8 to 9 years old. During the LearnMoneyDay 2017 the Lectures per class lasted for 2 hours and included the kindercash special money pig, so the kids learnt different ways to save and to think about money.

2016 Germany Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 6 700

TOTAL INDIRECT REACHED:

  • 4 500

During Global Money Week, the organisation Learn Money conducted teaching and day-long working lessons with female experts as coaches about how to create a start-up, focusing on the theme of “Future skills and digital education”.

A kick off-event took place on 9 March: a pitching session in front of an expert jury for three start-up teams after one intensive week. The jury-event was open for other schoolchildren. Each of the seven female experts had a specific topic based on her own professional focus: start up skills & tools, finance, marketing, sustainable management, digital media use, pitching. Carola Ferstl, co-founder of Learn Money Germany spent time with the kids and spoke about financial values, the GMW activities around the world and was around during the creative working process to seek out the best start-up idea. Ms. Ferstl took part in this event at the beginning and was also the financial expert for the jury at the end. To take part in the GMW celebrations, Learn Money’s long term partner, BAIN & Company, conducted a learn money teaching day for third grade students in Düsseldorf with a focus on money and piggybanks.

CYFI’s partner My Finance Coach also led many activities during the week. A class from the Heinrich-Kraft-Schule in Frankfurt took a tour of the stock exchange (the Deutsche Börse) and learnt about its role in the global economy and the planned merge with the London Stock Exchange. Through a special letter-exchange activity developed for Global Money Week, students in Germany learnt about exchange rates and the importance of saving while simultaneously making new friends and expanding their cultural horizons. For the activity, pupils in Germany wrote to their “pen-pals” at partner schools in China, and shared their ideas about saving and what it is like growing up in Germany.

Class visits, which were conducted through volunteers, also took place nationwide where Finance Coaches talked to the students about the importance of handling money, spending wisely and saving. In addition, teachers prepared themselves to teach students more about finance. Throughout the teacher training format of My Finance Coach, the participants received more background information to be able to understand behavioural finance, so that they are better able to teach their students basic knowledge.

2015 Germany Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 9th – 17th of March

NUMBER OF CHILDREN REACHED:

  • 13 621

As part of the kick-off activities with My Finance Coach’s newest supporter, Deutsche Börse (German Stock Exchange), a lucky class from the Anna-Schmidt-Schule in Frankfurt took a tour of the stock exchange and learnt about its role in the global economy on two occasions, the first visit launched Global Money Week in Germany on 9 March and the second took place on the “Day of the Stock” (Tag der Aktie) on 16 March.

Through a unique letter-exchange activity developed for Global Money Week 2015, classes all over Germany learnt about exchange rates and the importance of saving while simultaneously making new friends and expanding their cultural horizons. For the activity, pupils in Germany wrote to their “pen pals” at partner schools in Romania, Turkey, and China and shared their ideas about saving and what it is like growing up in Germany. They then received letters in return from the partner schools.

Throughout the week, My Finance Coach also conducted three teacher trainings, 42 class visits conducted by Finance Coaches (volunteer experts from My Finance Coach’s supporter companies), and extracurricular activities such as the new project “Career Speed-Dating”. My Finance Coach also participated in Global Money Week through its programs around the world in Brazil, Indonesia, Malaysia, and Thailand.

2014 Germany Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 10th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 1 745

In Düsseldorf, 6 financial education workshops for children aged 9-10 were held by Bain & Company. The topics included in the workshop were: spending, saving, investing and donating money. The organisers gave each child a piggy bank so that they could put their lessons into practice.

My Finance Coach visited 59 grade 5-10 classes around Germany and hosted various activities celebrating financial literacy. Through the use of topics such as shopping (needs and wants, influence of advertising, and consumer rights), planning (income and expenditure, one-off purchases and on-going expenses) and saving (different financial products, investment, and risk-return-liquidity) around 1475 students were reached from all school types in Germany.

To stress the importance of financial literacy, My Finance Coach created a “Global Activity” for students in all participating MFC countries to take part in. The Global Activity was a worksheet which highlighted the importance of saving and planning when it comes to achieving goals. On Friday 14th March, My Finance Coach also coordinated an exciting financial education activity for students with physical disabilities. This is the second year My Finance Coach has conducted class visits for students with physical disabilities during Global Money Week and they plan to make it an annual activity!

2013 Germany Global Money Week

NAME OF THE ORGANISING ENTITY:

  • My Finance Coach Stiftung GmbH

DATE OF TH EVENT:

  • 15th - 21st of March

NUMBER OF CHILDREN REACHED:

  • 30

“The Junior Finance Coach project was a lot of fun for both me and the younger pupils I taught. I think My Finance Coach is very important. Not only did I learn a lot, but so did the younger pupils. This is exactly how I think initiatives for young people should be: exciting, diverse and interesting,” commented a Junior Finance Coach. During Global Money Week, video-chat calls were held between German school classes and young people in Uganda, Nigeria and the Ukraine. Global Money Week setting was used also to conduct three Junior Finance Coach Classes.

These represent special lessons where a young person is trained as a Finance Coach (usually aged between 14 and 17) and together with an adult Finance Coach, they conduct a class visit on the topic of “Shopping” (needs and wants, influence of advertising, consumer rights) or “Online and Finance” (value of data, social networks) for a younger class of pupils (aged 11-13).

GMW2023 8 4

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