“Financial education in schools is truly important and comes at a high cost. So, I really hope that this will be possible in the coming years. Young people, because they are young, even if they have learned financial education in schools, are starting to manage their own money for the first time.” This is the opinion of Shaun Mundy, the British expert who developed the first financial education strategy in Europe, in the United Kingdom. These statements were made during the “Make Sense of Money” podcast, on Thursday, November 23, 2023.
The expert discussed with the podcast host, journalist Liliana Barbăroșie, about how the crises of recent years have increased the importance of financial education worldwide, the prospects for developing a national financial education strategy in the Republic of Moldova, successful models, and lessons learned from similar processes in other countries.
Also, during the podcast, the British expert explained why people need financial knowledge, how the transmission of this knowledge and skills ensures the sense of money, and how people’s well-being and the economy grow with it.
The podcast also includes a short question section, such as: What is the ideal age to start financial education in schools? How can people be protected from online fraud? What is the simplest risk analysis before accessing financial products? etc.
For the most important news, subscribe to our TELEGRAM channel! Shaun Mundy is the expert advising the Republic of Moldova in the process of developing the National Financial Education Strategy. This is developed by the National Bank of Moldova with the support of the USAID Program “Institutional and Structural Reforms in Moldova (MISRA).” In October 2023, as part of the same project, the NBM launched an extensive financial education campaign in the Republic of Moldova.