Denis Machuel
January 7, 2026
Denmark mandates financial literacy education from age 13
This video is part of: Centre for Financial and Monetary Systems
From ages 13 to 15, Danish pupils take lessons in financial literacy, including how to budget and save, how banks and bank loans operate and how they can exercise their rights as consumers.
Denmark has mandatory financial education for students ages 13-15, covering budgeting, saving, banking, consumer rights, and more. This program, in place since 2015, has contributed to Denmark's impressive 71% financial literacy rate, one of the highest globally.
Danish Money Week
Every year, 20,000 students at 700 schools participate in Danish Money Week, where financial sector professionals visit classrooms to highlight the importance of financial knowledge.
The global push for financial literacy
Denmark isn't alone in recognizing the importance of money smarts. Only 33% of the global population is considered financially literate, a factor linked to wealth inequality and even life expectancy.
Singapore and New Zealand have implemented their own national financial education programs, demonstrating the growing recognition of its importance.
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