Some people think that one does not talk about money. Financial coach Claudia Müller thinks that the taboo on the subject of finance must disappear. This is their proposal to change financial literacy.
What do you wish for, how should financial education change in Germany?
Claudia Müller : The topic has to go to schools. The topic has to go to universities, training courses, vocational schools – wherever. And the taboo on the subject must disappear.
In other words, we actually have to start in elementary school, dealing with pocket money. Then in middle school the whole topic of consumption: Again, do I identify myself strongly with my new smartphone, and does that really have to be? What does it mean to buy a smartphone with zero percent financing? That is not a gift.
In high school, you can start with how the stock market works. What is a share, what is a bond? How do I do it all in a practical way? Then the topic of first salary or first own budget, first own households, first tax return – which insurance do I suddenly need now? Then: Okay, I now have a salary, how do I actually invest? Then the topic of starting a family.
It runs through all life situations. I think that if we can anchor the topic in schools, we will also loosen the taboo a bit. Then people talk about it, then children talk to their parents and so on, that’s what I want.