In the spring of 2023, Luxembourg for the first time participated in an OECD study on the level of financial literacy among the population. Considering the grand duchy’s status as a financial hub, the results were surprising: on average, the country scored 60 out of 100 on financial knowledge, behaviour and attitude, a score that was close to 50 when looking at adults aged 18 to 29.

How can a country that has such a prolific financial sector not reflect this in its educational system? What is the danger of this and what solutions exist to solve the issue?

Jessica Thyrion, a financial education adviser at the ABBL foundation for financial education, tells us.

So on this episode of Whine and Shine, we’re going to look at why Luxembourg’s financial education is lacking, what has been done to address the issue, and what is in the making to help people learn more and better.