Financial literacy is crucial for the personal financial security of people in Germany, as well as for their participation in society and for the overall stability of the economy. In order to improve financial education in Germany, the Federal Ministry of Education and Research and the Federal Ministry of Finance jointly launched the Financial Literacy Initiative last year, which includes a directive on the promotion of research projects in this area. The MetaFin project aims to provide networking opportunities for the projects under the directive, to prepare national and international research results on financial education in a way that is appropriate for the target group, and thus to provide a reliable basis for future decisions on financial education in Germany. It focuses on the three areas of networking, accompanying research, and knowledge transfer. The project is implemented by the Mannheim Institute for Financial Education (MIFE) in cooperation with the Oldenburg Institute for Economic Education (IÖB).
Today in Mannheim, Parliamentary State Secretary Dr. Jens Brandenburg presented the funding notification of more than two million euros to the team of the collaborative project. The team consists of Prof. Carmela Aprea (University of Mannheim, director of MIFE), who coordinates the collaborative project, as well as Prof. Tabea Bucher-Koenen (Leibniz Centre for European Economic Research (ZEW) and University of Mannheim, director of MIFE) and Prof. Dirk Loerwald (University of Oldenburg and scientific director of IÖB).