Member Press Release by ABBL
The 11th edition of D’Woch vun de Suen, organized by the ABBL Foundation for Financial Education, is set to take place from March 17 to 21. This annual event, held since 2014, encourages teachers in cycle 4 to invite volunteer trainers—employees from ABBL member institutions—to engage students in discussions about money management and financial literacy through budgeting workshops.
Discussing money remains a taboo in Western societies, leaving many children without meaningful financial education. However, a study conducted by the ABBL Foundation involving 708 students aged 14 to 21 revealed that 88% of them desire financial education as part of their school curriculum.
“La ‘Woch vun de Suen’ is crucial for raising awareness about financial management among young people. It’s encouraging to see so many classes actively participating each year. Financial education is key to helping students make informed and responsible decisions as they transition into adulthood,”
said Claude Meisch, Minister of National Education, Childhood, and Youth.
Children develop essential money habits from a young age, making early financial education vital. The initiative aims to prepare students to:
The mobile application “Money Odyssey” will be used during classroom sessions to address these topics in an engaging and age-appropriate manner.
“Participating in ‘Woch vun de Suen’ as a volunteer is a natural choice for me. Financial education is essential for helping young people understand money management and make informed decisions. Through ‘Money Odyssey,’ we provide these insights in a fun and interactive way, contributing to their future financial well-being,”
said Francesca Micucci, Personal Banker at Spuerkeess.
The ABBL Foundation expressed gratitude to the Ministry of National Education for its support and commitment to integrating financial education into school curricula. This collaboration is expected to enhance young people’s financial knowledge and behaviors, ultimately contributing to their financial health.
“The support from the Ministry of National Education, particularly from the Service de Coordination de la Recherche et de l’Innovation (SCRIPT), will undoubtedly help improve the financial literacy and behaviors of young people, contributing to their financial well-being,”
noted Jessica Thyrion, Financial Education Adviser at ABBL.
The ABBL Foundation for Financial Education, established in September 2016, aims to promote financial literacy, raise awareness about the banking environment, prevent over-indebtedness, and foster financial inclusion in Luxembourg.
D’Woch vun de Suen is part of the European Money Week initiative, coordinated by the European Banking Federation and aligned with the OECD’s Global Money Week.
For more information, visit the ABBL Foundation for Financial Education and Financial Education for Luxembourg.
Contact:
Jessica Thyrion
Financial Education Adviser
jessica.thyrion@abbl.lu
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