Austria

2023 Austria Global Money Week

GMW NATIONAL COORDINATOR:

  • Austrian National Bank (OeNB - Oesterreichische Nationalbank)

PARTICIPATING ORGANISATIONS:

  • Ministry of Finance; The Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology; Debt counseling service; Erste Financial Life Park (FLIP); Vienna Stock Exchange; Three Coins

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 7

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 1070

NUMBER OF ADULTS REACHED DIRECTLY:

  • 90

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 200

During the GMW, the OeNB offered a comprehensive range of financial education programmes tailored to specific target groups - from kindergarten to senior high school and continuing education for teachers. At the beginning of the week, the new FinanzFit workshop was launched for lower-secondary school students. In three school lessons, topics such as price stability, the cash cycle and the proper use of money were explained. On Tuesday, there was a full-day training opportunity for teachers from teacher training colleges, covering financial education topics as well as topics relevant to the economy such as inflation and green finance. The OeNB's first Financial Education Day for 90 high school students was also held in the middle of the week. In addition to a lecture by Governor Robert Holzmann, which was followed by a discussion, the students were able to demonstrate their knowledge at four hands-on stations and take away valuable information for their everyday lives.


The OeNB mascots EUgen & ROsi visited the kindergarten and introduced 80 children to financial education. At the end of the week, a cooperation event was held with the Federal Ministry of Finance. Together with other financial education stakeholders, the OeNB held a workshop on the topic of inflation and rising prices and answered the students' topical questions.


As part of Global Money Week, the Ministry of Finance (MoF) hosted the ‘Financial Future Days’ for the first time as a flagship event in the financial education sector. The Financial Future Days are special themed days where the MoF, focusing on young people this year, aims to introduce them to topics related to finance and their own financial planning, thus raising their awareness and preparing them for future financial decisions. The Minister of Finance invited around 160 students to the central office of the Federal Ministry of Finance. After the welcome speech by the Minister, students were offered six different workshops running in parallel, of which every class could attend three. The workshops were offered by stakeholders of the national strategy. The MoF ensured a balanced composition of different financial education topics. The topics overed ‘Why taxes matter - why taxes are necessary and what you should know for everyday life’; ‘Green Finance - what does my money do for the climate?’; ‘Inflation - Why are prices rising?’ ‘Börse4me - How the capital market works’; 'Unindebted' through the crisis -- how can I avoid debt; ‘My budget in the world – plan, know and act’.


Three Coins, a social for profit company in the field of financial literacy launched a digitalisation project "Money and Life" which facilitates and promotes good money management through all important phases of life. The aim of the platform is to provide a compact and comprehensible overview of all important topics on how to positively influence one's life through financial decisions. Starting with the first salary, training opportunities or the first own apartment. The platform supports young people in making good financial decisions. In addition, Three Coins with its partners (commercial banks/chamber of labour), imparted basic financial literacy skills as a basis for a sustainable approach to money. By means of self-reflection on consumption and spending patterns as well as through playful and practical teaching, students develop basic financial competencies. 105 students between the ages of 13 and 19 from educationally disadvantaged backgrounds were reached through these workshops.


2022 Austria Global Money Week

GMW NATIONAL COORDINATOR:

  • Austrian National Bank (OeNB - Oesterreichische Nationalbank)

PARTICIPATING ORGANISATIONS:

  • Three Coins, schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 2

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 380

NUMBER OF ADULTS REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 405,200

To mark this year’s campaign, Oesterreichische Nationalbank (OeNB) held an online Global Money Week Quiz focused on financial education topics. It was divided into three categories targeting elementary, lower and upper school students between the ages of 7-19. Among 165 participants cash prizes were offered to three winners per each category.

In addition, the Austrian National Bank (OeNB) commissioned a broadcasting of a Radio Longspot at a national radio station for children. The spot focused on the right way to handle money, included a variety of tips and drew attention to the GMW Quiz. Through this, people were encouraged to get in touch with the OeNB's financial education team and work together to strengthen their financial resilience.

During GMW2022, social business Three Coins and its partners, created workshops for over 160 educationally disadvantaged students between the ages of 10 and 13. In short, Raiffeisenlandesbank Wien/Niederösterreich and the chamber of labour Burgenland, emphasized that basic financial literacy skills are key for a sustainable approach to money. By means of self-reflection on consumption and spending patterns as well as through playful and practical teaching, students develop basic financial competencies. Therefore, Raiffeisenbank Wien/NÖ and Arbeiterkammer Burgenland (chamber of labour) collaborated on various workshops to help empower young people.

Additionally, the social business Three Coins launched an online course during GMW2022. It was developed and implemented with funding from the Arbeiterkammer Wien (chamber of labour). With this digital platform called "Gut mit Geld" participants are accompanied on their personal money journey. They are given the tools they need to master the challenges and make good financial decisions. All basic skills are first taught though an animated, inspiring and true-to-life course.


2021 Austria Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Austria (Oesterreichische National bank – OeNB)

PARTICIPATING ORGANISATIONS:

  • ING Austria, Three Coins

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 3

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 1,500

NUMBER OF ADULTS REACHED DIRECTLY:

  • 700

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 100,000

To celebrate GMW2021, the Central Bank of Austria held an online Global Money Week Quiz focused on financial education topics. It was designed and divided into three categories targeting elementary, lower and upper school students. Cash prizes were offered to winners. In addition, the Euro Aktiv Online workshop was organised for youth between the ages of 14-19 using interactive tools to help them learn about financial education.

ING planned money classes, where teachers used different materials to create a school lesson. ING also created a money workbook for younger children to paint and craft on financial education topics. Money talks in the form of videos were created with the aim to inform interested young people about financial education related issues.

During GMW2021, the Three Coins competition KARDEA! was held. The aim is to promote a conscious and responsible approach to money. The prize motivates students between the ages of 6-19 to think about money and develop financial literacy skills. Students could participate alone or as a group or a class. The medium for the project presentation could be chosen freely: from self-painted pictures to posters, videos, games, a play or a social media campaign. The organisation reached around 350 students during the GMW2021 Campaign week.


2019 Austria Global Money Week

LEADING ORGANISATIONS:

  • Erste Group Bank AG, Erste Financial Life Park, Initiative for Teaching Entrepreneurship ( IFTE), Zweite Sparkasse

PARTICIPATING ORGANISATIONS:

  • Berufsschule für Handel und Administration, Berufsschule für Lebensmittel, Touristik und Zahntechnik, EMS Schwadorf, Niederösterreich, Fachmittelschule und Polytechnische Schule, Gymnasium St. Ursula, HBLA Oberwart, Burgenland, Landesberufsschule für Tourismus Bad Gleichenberg, Steiermark, Polytechnische Schule Maiselgasse, Polytechnische Schule Pottenstein, Niederösterreich, Private NMS Maria Loretto, Kärnten, Private Wiener Mittelschule Institut Sta. Christiana, WMS Leipzigerplatz, WMS/RG/ORG Anton-Krieger-Gasse

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 459

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 1 500

Erste Group Bank AG
During GMW2019, FLiP organised many different events and activities. FLiP, the Erste Financial Life Park, is an exhibition with several content stations and interactive games. The focus of the exhibition is on money and financial matters and is designed for children aged 10 and above. During the Week, interactive tours, an Entrepreneurship Education Workshop, and the "I €AN" Financial Literacy Workshop for young apprentices was organised. The Entrepreneurship Education Workshop, “Starte dein Projekt”, is a crowdfunding platform, designed to help students of vocational schools in Austria. The initiative is financed by donations and is a joint-project of FLiP, Erste Bank and Sparkassen, The Initiative for Teaching Entrepreneurship (IFTE), and the Vienna Municipal Education Authority. It enables the presentation and funding of student-projects and fosters not only the entrepreneurial spirit, but also with its practical and active orientation, the curriculum of the students. Additionally, it offers workshops for idea generation, project management, and crowdfunding. The "I €AN" project was launched as part of the initiative of Zweite Sparkasse, in cooperation with Schuldnerberatung Wien and the apprentice workshops of Jugend am Werk (JaW). As part of their training, young apprentices attend the workshop, where they are given the opportunity to explore their personal relationship with money and to develop a sense of responsibility when using money. Furthermore, the workshops cover financial hazards and the consequences of debt, as well as the development of personal and practical money management strategies. The aim is to develop skills and confidence in financial matters.


2018 Austria Global Money Week

LEADING ORGANISATIONS:

  • Erste Group Bank AG, Erste Financial Life Park (FLiP) and Initiative for Teaching Entrepreneurship (IFTE)

PARTICIPATING ORGANISATIONS:

  • Berufsförderungsinstitut Wien, Berufsschule für Elektro- und Veranstaltungstechnik und Informationstechnik Wien 6, Berufsschule für Industrie Finanzen und Transport, Wien, BHAK/BHAS Eisenstadt, Bildungszentrum Kenyongasse Mater Salvatoris, Wien, Bundeshandelsakademie und Bundeshandelsschule Klagenfurt, Bundeshandelsakademie und Bundeshandelsschule St. Pölten, Bundesrealgymnasium Henriettenplatz, Wien, Bundesschulen Kalvarienberg, Wien, Fachmittelschule und Polytechnische Schule Wien 3, Handelsakademie International Klagenfurt, Handelsakademie Kirchdorf/Krems, Höhere Bundeslehranstalt für wirtschaftliche Berufe Wien 10, International Business College Hetzendorf, Lise Meitner Realgymnasium, Wien, Neue Mittelschule Herzgasse, Wien, Polytechnische Schule Eisenstadt, Polytechnische Schule Wien 15, Polytechnische Schule Wien 7, Pädagogische Hochschule Wien, Vienna Business School HAK / HAS Floridsdorf

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 990

Erste Group Bank AG, Erste Financial Life Park (FLiP), Initiative for Teaching Entrepreneurship (IFTE)
Based in Vienna, the Erste Financial Life Park is a unique exhibition with several content stations and interactive games. FLiP experience and its interactive two-hour learning trail, focuses on money and financial matters and is designed for school groups aged ten and above. During GMW2018, FLiP hosted 19 interactive tours, an Entrepreneurship Education Workshop and a lecture on cashless society. Throughout the Week, FLiP managed to reach 500 children and youth. FLiP is a globally unique facility with the goal of improving the financial capabilities of children and young adults. Established at the Erste Campus in Vienna, FLiP is a place where financial knowledge is imparted in an innovative manner and where the importance of finances for one's personal life planning can be tangibly experienced. FLiP promotes personal financial responsibility, as well as prevention of personal over-indebtedness, and thus ultimately contributes to the prevention of poverty. FliP's offerings are inclusive, and are opening barrier-free, multilingual access to financial education for all types of schools and all levels of education. This year FLiP introduced FLiP lectures, a new event series where once a month an expert will provide insight into a relevant topic and afterwards be available to answer questions. “Starte dein Projekt” - Entrepreneurship Education www.startedeinprojekt.at is a crowdfunding-platform, designed to help students of vocational schools in Austria. This initiative is financed by donations and is a joint-project of FLiP, Erste Bank and Sparkassen, of the Initiative for Teaching Entrepreneurship (IFTE) and of the Vienna Municipal Education Authority. It enables the presentation and funding of student-projects and fosters not only the entrepreneurial spirit, but also with its practical and active orientation the curriculum of the students. Additionally, “Starte dein Projekt” offers workshops for idea generation, project management and crowdfunding.


2017 Austria Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 324

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 3 000

The Erste Financial Life Park (FLiP), Europe’s biggest financial education initiative, is an experience-based exhibition with several content stations and interactive games. The FLiP experience, its interactive two-hour learning trail, focuses on money and financial matters and is designed for school groups aged ten and above. The aim is to promote responsible money management, improve skills and strengthen financial capability.

Throughout Global Money Week 2017, over 300 children and teenagers were reached. The sequence of the stations was modified to suit the needs of each group and tailor the content accordingly. The groups were accompanied by educators on their way through the FLiP. The educators led the group, explaining the stations and their sequence, activating the necessary elements to launch interactive content, explaining and managing the game and summing up the outcomes. Each station had its own educational and thematic focus. The tour started with a personal perspective, broadening the horizon step by step along the trail to end with a global view.

Entrepreneurship Education Workshop “Starte dein Projekt” is a crowd funding-platform, designed to help students of vocational schools in Austria. This initiative is financed by donations and is a joint-project of Erste Bank and Sparkassen, of the Initiative for Teaching Entrepreneurship (IFTE) and of the Vienna Municipal Education Authority. It enables the presentation and funding of student-projects and fosters not only entrepreneurial spirit, but also provides a curriculum with practical and real-life information for the students. Additionally “Starte dein Projekt” offers workshops for idea generation and project management. During the Project Playground workshop, students had to prepare a fruit salad and a three minute long pitch. Afterwards, the most important project management tools were discussed and the tracks for future projects were laid down.


2016 Austria Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 14th - 21th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 60

I €AN Workshops took place on 17 March at 15:00-18:00 in Absberggasse 27, 1100 Vienna and on 18 March 2016 at 09:00-12:00 in Dr.-Albert-Geßmann-Gasse 38, 1210 Vienna. The "I €AN" project was launched as part of the initiative of Zweite Sparkasse, in cooperation with Schuldnerberatung Wien and the apprentice workshops of Jugend am Werk (JaW). As part of their training, young apprentices attended the workshop where they were given the opportunity to explore their personal relationship with money and to develop a sense of responsibility in their use of money. Furthermore, the workshops covered financial hazards and the consequences of debt as well as the development of personal and practical money management strategies. The aim was to develop skills and confidence in relation to financial matters.


2015 Austria Global Money Week

PARTICIPANTS:

DATE OF EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 40

Two “I €AN” workshops were organised on 9 March by Zweite Sparkasse in cooperation with Schuldnerberatung Wien and the apprentice workshops of Jugend am Werk (JaW). Young apprentices explored their personal experiences in managing money and learnt about spending responsibly. The workshops also covered financial hazards, consequences of debt, and the development of personal and practical money management strategies. The aim was to build skills and confidence among these young apprentices about financial matters.

On 17 March, Lobby. 16 and Erste Bank organised the “Financial Literacy” workshop for unaccompanied underage refugees. Lobby. 16 is an association committed to the rights of unaccompanied young refugees. It works on providing access to education and participation in social life. Lobby. 16 wants young refugees to be able to develop their skills, talents and gifts, so that they can gain self-confidence and lead an autonomous and independent life in society. The participants analysed their income and expenses, identified common cost traps and collected ideas on how to increase income and achieve financial goals. They also visited banks and learnt about banking products.

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