Money Wise Platform committed to responsible financial behaviour
Queen Máxima receives 2014-2018 National Strategy for Financial Education in the Netherlands
Partners from the financial sector, academia, the government, educational organisations, information services and consumer organisations have joined forces and today presented a new 2014-2018 National Strategy aimed at promoting responsible financial behaviour in the Netherlands over the next five years. This morning, Her Majesty Queen Máxima, honorary chair of the Money Wise Platform, received the first copy of the National Strategy for Financial Education in the Netherlands.
Queen Máxima: “National Strategy marks the beginning of a new phase”
Her Majesty Queen Máxima, honorary chair of the Money Wise Platform, regards the National Strategy as the beginning of a new phase: ‘Over the past five years, the Money Wise Platform has been awakening the country to the essential importance of financial awareness. Now it is time for the next step: from awareness to responsible financial behaviour. I am confident that the activities of the Platform will contribute to achieving this goal.’
Queen Máxima receives 2014-2018 National Strategy for Financial Education from Olaf Simonse (Wijzer in geldzaken)
Mission more finely honed
Over the past five years, the financial-economic landscape has seen a great many changes. A good moment for the Money Wise Platform to reassess its mission and strategy. The mission – the Money Wise Platform is the platform in which partners pool their strengths to advance responsible financial behaviour in the Netherlands – is now more finely honed and sets the course for the platform’s programmes, activities and projects in the years ahead.
Responsible financial behaviour
Research into responsible financial behaviour, conducted by the Money Wise Platform, constitutes the basis for the (future) activities of the platform. Responsible financial behaviour comprises a minimum of three dimensions that are almost completely unrelated. These three dimensions are: (1) “managing money”, (2) “financial planning” and (3) “making well-informed decisions with regard to financial products”. Responsible behaviour in the one dimension does not automatically entail responsible behaviour in the other dimensions. People with adequate financial skills stand more firmly in life. They have a better grip on their personal development, are better prepared for risks and can better withstand hard times. In addition, a recent study shows that responsible financial behaviour among consumers contributes to financial stability and economic growth.
 Wijzer in geldzaken Publieksmonitor 2013
 Lusardi & Mitchell (2014). The Economic Importance of Financial Literacy: Theory and Evidence . Journal of Economic Literature 2014, 52(1), 5–44. (http://www.umass.edu/preferen/You%20Must%20Read%20This/Financial%20Literacy%20JEP%202014.pdf)