Financial Literacy: Why Financial Education Matters to All of Us
With its new Financial Literacy series, Swiss Banking explains economic and financial-centre topics in a clear, practical and relatable way. The articles are aimed in particular at young people, students and early-career professionals who would like to better understand economic interrelationships. To launch the series, Nina Michel explains why financial education is more important than ever and what readers can expect in the months ahead.
Social bookmarks
With the new Financial Literacy series, Nina-Alessa Michel makes economic and financial-centre topics accessible, easy to understand and relevant to everyday life.
Nina, what does the term Financial Literacy mean to you?
To me, Financial Literacy means having the ability to manage money responsibly, make sound financial decisions independently and possess a basic understanding of financial matters. This includes, for example, knowledge about saving and investing, understanding the risks of debt and planning for future retirement provision.
Why is Swiss Banking launching this Financial Literacy series?
Various studies show that financial education is unfortunately not yet firmly established in Switzerland, particularly among young people. Yet economic policy issues and financial-centre topics affect our daily lives far more than many people realise. With this series, we want to explain complex interrelationships in an accessible way and show why developments in these areas matter to everyone. Swiss Banking has extensive data and content on these topics, and we would like to make this knowledge accessible to younger audiences as well.
Is the series aimed exclusively at younger people?
Not at all. We address everyone with an interest in economic topics who does not necessarily want to read specialist publications every day. From students and early-career professionals to anyone with a general interest in understanding these issues better. Our goal is to make knowledge accessible, concise and practical.
Which topics will be covered?
We will explore current economic policy developments, explain important interrelationships relating to the Swiss financial centre and the banking business, and provide context for topics that matter to people, ranging from interest rates and inflation to innovation and artificial intelligence in the financial sector.
Finally, a more personal question: your university studies were some time ago. How did you stay informed about these topics back then?
During my studies, neither social media in general nor LinkedIn in particular were widely used, and certainly not as sources of information on these topics. Whenever I was interested in a subject, I had to explore it in greater depth by reading specialist articles, textbooks and research studies. Today, information is much easier to access, but it is often more difficult to put into context. With this series, we aim to provide an accessible first point of entry into these topics.