Teen Financial Champions Crowned in European Money Quiz 2024 Final

BRUSSELS, 19 April 2024 – Europe’s brightest young financial minds competed today in the European Money Quiz 2024 finals, hosted by the European Banking Federation (EBF). National delegations of teenagers aged 13-15, champions from their respective countries, convened to Brussels for a chance to win the prestigious European trophy.

Team Austria emerged victorious, showcasing their impressive financial literacy skills. Teams from Czechia and North Macedonia followed closely, securing the second and third spots on the podium.

National Competitions Fuel Enthusiasm of Europe’s Financial Savvy

This year’s European Money Quiz saw a record-breaking turnout in several countries, with approximately 36000 teenagers from 2200 schools participating in national rounds across Europe. The initiative, launched by the EBF in 2017, aims to empower young people with essential financial knowledge and foster a financially responsible generation.

To reach the finals, participants triumphed in national competitions held during European Money Week. This year’s outreach surpassed all expectations, with over 1000 schools participating in national competitions across some countries. This surge reflects the growing emphasis on financial education in Europe and the eagerness of young people to build a strong financial foundation.

Testing Financial Know-How: a Pan-European Effort

The quiz tested participants’ knowledge on critical financial topics for teens, including long-term planning, saving strategies, understanding cryptocurrencies, cybersecurity awareness, and responsible credit management. All questions aligned with the OECD/INFE guidelines for financial literacy education.

The competition saw participation from a total of 26 countries: Albania, Austria, Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Republic of North Macedonia, Romania, Serbia, Slovakia, Slovenia, Spain, and Ukraine.

Wim Mijs, CEO, EBF, said “Every year, we see in Brussels a new generation of youngsters ready to master their financial skills and claim the European championship title. By developing their skills with the support of their teachers early on, they are getting a serious head start for adulthood. It is impressive seeing so much positive energy in Brussels, year after year.”

Magnus Greil and Luis Poscher, Austrian team said: “This win feels amazing! We are very grateful for the opportunity that has been presented to us. We are proud to represent our country and especially our own class which supported us every minute of the competition. Thanks to EBF for providing such an amazing experience in Brussels! For the upcoming years we wish all the participants the best!”

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About the EBF

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu.