Money Wise Platform
Money Wise Platform
In the Dutch Money Wise Platform, partners from the business community, government, academia and civil society have joined forces to make consumers money wise. The aim is to increase people’s financial literacy, so that they are better placed to make financial decisions. This help is surely needed, because many people in The Netherlands - both young and old - struggle to understand and manage their own finances.
Difficulties in dealing with money
Research shows that people are not sufficiently aware of their monthly income and how much of it they spend. Young people in particular - two thirds in all - have difficulty dealing with money. A third take financial risks, incurring debts or gambling. The platform encourages children to be taught to handle money from a very young age. This is a responsibility that parents,schools and youngsters themselves must share.
Honorary chair of the Money Wise Platform
Her Majesty Queen Máxima is the honorary chair of the Money Wise Platform. In this capacity, Queen Máxima draws attention to the importance of financial education and dealing sensibly with money. The Queen acts as a special adviser for the platform and addresses stakeholders about the ways in which financial self-reliance can be expanded. Queen Máxima is involved in the platform’s activities and through her honorary chairmanship she underscores the importance of responsible financial behaviour.
Governance
The steering group is the decision-making body of the platform, under the chairmanship of the Ministry of Finance. The programme council advises the steering group at the strategic level. Partners that do not have a seat on the steering group are represented on the programme council.
Members of the steering group are:
- Ministry of Finance of the Netherlands
- Dutch Banking Association
- Dutch Association of Insurers
- Federation of the Dutch Pension Funds
- Dutch Central Bank
- The Netherlands Authority for the Financial Markets
- Nibud (National Institute for Family Finance Information)
See also: http://www.moneywiseplatform.nl