Education & Training
Strengthening financial education in Luxembourg: a collective responsibility
Published on 06 November 2025
As financial products and digital payments become ever more complex, developing sound financial knowledge and habits from an early age has become a national necessity. This was the key message of a roundtable entitled “Money, youth and the future: Luxembourg facing the challenges of financial education,” co-organised by the Fondation ABBL pour l’éducation financière and the SCRIPT (Service de Coordination de la Recherche et de l’Innovation pédagogiques et technologiques).
Summary
Addressing gaps in financial literacy
According to the latest OECD data (2023), only 68% of Luxembourg residents demonstrate a sufficient level of financial literacy, a figure that aligns with European averages but highlights room for improvement.
The situation is even more concerning among younger generations: only 57% of residents aged 18–29 meet the required level of financial knowledge, and just 52% achieve adequate digital financial literacy.
A recent study by the Fondation ABBL (September–October 2025) further revealed that:
- 74% of young Luxembourgers make online purchases;
- 23% have already been targeted by fraud attempts;
- 36% of young investors turn to cryptocurrencies, often without fully understanding the associated risks.
Although Luxembourg is home to a leading financial centre, it still needs to strengthen its efforts to build citizens’ financial culture.
Jerry Grbic
CEO, ABBL
Education as prevention
The event brought together experts from education, finance and public institutions to discuss how financial education can serve as a tool for prevention, helping citizens avoid over-indebtedness, strengthen inclusion and make informed financial choices.
Claude Meisch, Minister for Education, Children and Youth, underlined the government’s commitment to integrating financial literacy into school curricula:
“Financial education answers the questions that arise throughout life. By teaching it early, we empower every student to make informed choices and take action.”
A call for collective mobilisation
The Fondation ABBL stressed that effective financial education requires coordinated action between public authorities, the private sector and socio-educational actors.
“Training young people to understand, manage and anticipate financial decisions means giving them the tools to build a more stable and responsible future,”
said Jessica Thyrion, Financial Education Adviser at the Fondation ABBL pour l’éducation financière.
Since 2016, the Fondation ABBL has worked alongside the Ministry of Education and the SCRIPT to promote financial literacy through classroom activities, teacher training and awareness campaigns. The initiative continues to expand, fostering a culture of financial responsibility across Luxembourg.
Jessica Thyrion
Adviser – financial education, ABBL
Published on 06 November 2025