18
National Report GERMANY Financial Education Survey Results and Conclusions Prof. Dr. Erwin Seyfried Athens, 5-6 May 2011
Na
tio
na
l R
ep
ort
GE
RM
AN
Y
Fin
an
cia
l E
du
ca
tio
n S
urv
ey
Re
su
lts
an
d C
on
clu
sio
ns
Pro
f. D
r. E
rwin
Se
yfr
ied
Ath
en
s, 5
-6 M
ay 2
01
1
Te
ac
hin
g a
nd
Le
arn
ing
Ma
teri
al
–B
undesverb
and d
euts
cher
Banken (
BdB
)
•S
ch
oo
l B
an
k (
ww
w.s
ch
ulb
an
k.d
e)
- se
rvin
g
tea
ch
ers
an
d s
tud
en
ts s
ince
10 y
ea
rs
•F
it f
or
Mo
ne
y, R
ole
Pla
ys
–IF
O (
Bundesbank, M
inis
try o
f F
inance)
•w
ww
.ku
rsra
um
ge
ld.d
e (
for
tea
ch
ers
& s
tud
en
ts)
–S
chufa
(A
ssoc. fo
r P
rote
ction o
f C
reditors
)
•C
ha
rlo
tte
-Ch
ecke
r-S
tory
(C
D-R
om
)
Tra
inin
g f
or
Teach
ers
–S
pa
rka
sse
nve
rba
nd
(S
avin
gs b
an
ks)
•S
em
ina
rs
•W
eb
site
–U
sa
ge
is lim
ite
d d
ue
to te
ach
ers
‘ o
ve
rlo
ad
Delivery
of
Tra
inin
g–
Ma
ny p
rom
ote
rs
–A
lso
n c
oo
pe
ratio
n w
ith
da
ily n
ew
sp
ap
ers
(F
AZ
,H
an
de
lsb
latt)
Stu
die
s-
Ju
ge
nd
stu
die
(u
nd
ert
ake
n r
eg
ula
rly b
y B
dB
)
-F
ed
era
l M
inis
try fo
r C
on
su
me
r R
igh
ts
Un
ited
in
itia
tive
–fo
r in
ten
sifie
d e
co
no
mic
& f
ina
nc
ial
ed
uca
tio
n
–a
s a
pa
rtic
ula
r su
bje
ct in
se
co
nd
ary
sch
oo
ls
–C
urr
icu
lum
ava
ilab
le
–T
ea
ch
ing
ma
teria
l fo
r te
ach
ers
ava
ilab
le
... s
o f
ar
no
t s
uc
ce
ss
ful
Fin
an
cia
l E
du
ca
tio
n n
ot
str
on
g e
no
ug
h d
es
pit
eg
oo
d in
itia
l c
on
dit
ion
s–
in t
erm
s o
f a
va
ilab
le t
ea
ch
ing
an
d le
arn
ing
ma
teri
al
–te
ach
er
tra
inin
g (
se
min
ars
, w
eb
site
s)
–d
eliv
ery
of
fin
an
cia
l e
du
ca
tio
n b
y m
an
y p
rom
ote
rs
+
A
Min
ori
ty o
f Y
ou
ng
ste
rs is
no
t s
uff
icie
ntl
y s
erv
ed
–w
ith
lo
w s
tan
da
rd o
f fin
an
cia
l kn
ow
led
ge
–se
ve
re d
eficits in
re
latin
g s
kill
s &
co
mp
ete
nce
s
–In
de
bte
d /
ris
k t
o g
et
ind
eb
ted
–o
fte
n f
rom
so
cia
lly d
isa
dva
nta
ge
d f
am
ilie
s
–w
ith
a m
igra
tio
n b
ackg
rou
nd
Ind
eb
ted
ne
ss
/ a
ge
gro
up
s
Ind
eb
ted
ne
ss
/ re
gio
ns
Cru
cia
l:
!M
od
e o
f D
eliv
ery
?
!
Cu
sto
miz
ed
Le
arn
ing
Ma
teri
al?
EF
EP
Su
rvey
–S
am
ple
: 3
7 t
ea
ch
ers
; 20 e
xp
ert
s
–D
eliv
ery
of fin
an
cia
l e
du
ca
tio
n in 3
0 s
ch
oo
ls (
80
%)
–T
aught
as r
eg
ula
r p
rog
ram
me
: 2
2 s
ch
oo
ls
–O
cca
sio
na
l le
sso
ns:
14 s
ch
oo
ls
–M
ost im
po
rta
nt re
so
urc
e:
•W
ell-
de
sig
ne
d te
ach
ing
& le
arn
ing
ma
teria
l (2
4)
•E
xte
rna
l su
pp
ort
in
de
live
ry (
26
)
•E
xp
erie
nce
d te
ach
ing
sta
ff (
15)
Uself
ul to
pic
s
•M
os
t im
po
rta
nt
•S
en
sib
le b
orr
ow
ing
•C
on
tra
cts
- d
uti
es
an
d r
igh
ts
•M
an
ag
ing
yo
ur
mo
ne
y
o
Le
ss u
se
ful
oG
ettin
g th
e m
essa
ge
oIt
‘s m
y b
usin
ess
oF
rom
CV
to
sa
lary
Sa
tis
fac
tio
n w
ith
cu
rre
nt
sit
ua
tio
n
•Y
es:
n=
6
•N
o:
n
=2
1
Fu
rth
er
su
pp
ort
ne
ed
ed
?
•Y
es:
n=
29
•N
o:
n
=2
Re
qu
ire
me
nts
?
•M
ore
tra
inin
g o
f sta
ff (
32
)
•E
xte
rna
l su
pp
ort
in
de
live
ry (
30
)
Es
tim
ati
on
of
cu
rre
nt
de
ma
nd
?
•V
ery
big
(n
=1
5)
•R
ath
er
big
(n
=2
)
Imp
lic
ati
on
s f
or
na
tio
na
l a
pp
roa
ch
Fo
cu
s o
n d
isa
dva
nta
ge
d y
ou
ng
ste
rs
Cu
sto
mis
atio
n o
f le
arn
ing
ma
teria
l
De
live
ry o
f tr
ain
ing
in
lo
ca
l n
eig
hb
orh
oo
d s
ettin
gs
Fin
an
cia
l e
du
ca
tio
n &
co
ns
um
er
ed
uca
tio
n
Ne
two
rk c
rea
tio
n -
a d
ou
ble
tra
ck a
pp
roach
"o
pe
rative
ne
two
rk t
o t
rain
dis
ad
va
nta
ge
d y
ou
ng
ste
rs
"str
ate
gic
ne
two
rk t
o s
tre
ng
the
n m
ain
str
ea
m
fin
an
cia
l e
du
ca
tio
n in s
ch
oo
ls (
lesso
ns p
lan
s)
Ind
eb
ted
ness / B
erl
in
Imp
lic
ati
on
s f
or
the
tra
inin
g o
f
dis
ad
va
nta
ge
d y
ou
ng
ste
rs
Pre
vention o
f in
debte
dness
Fin
ancia
l &
consum
er
education
Co
nsu
mer
pro
tecti
on
Pro
mo
tin
g lo
an
s
lik
e ic
e-c
rea
m,
so
ap
or
wash
ing
po
wd
er?
Ind
eb
ted
ness / B
erl
in
Tru
th?
Tra
nsp
ara
ncy
?
Cu
sto
me
r
ori
en
tati
on
?
Pre
ve
ntio
n o
f in
de
bte
dn
ess
Co
nsu
me
r &
fin
an
cia
l e
du
ca
tio
n
Co
ns
um
er
pro
tec
tio
n
A c
od
e o
f c
on
du
ct
for
the
pro
mo
tio
no
f b
an
k p
rod
uc
ts
Co
nta
ct
erw
in.s
eyfr
ied
@h
wr-
be
rlin
.de
