Austrians Show Lack in Financial Knowledge

BusinessEconomy ♦ Published: September 20, 2012; 17:50 ♦ (Vindobona)

Almost two-thirds of Austrians believe they have knowledge gaps. 54% think that what is taught at school about money is not enough.

Austrians Show Lack in Financial Knowledge / Picture: © Vindobona.org

Not only have nearly two-thirds of Austrians diagnosed knowledge gaps in economic and financial matters in themselves, but they would attribute friends and acquaintances as having merely “satisfactory” knowledge. Only one out of ten persons would grant their friends the grade “excellent".

The reason for this lack of knowledge could be that monetary education is not given…