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Financial education for women: These tips will help combat poverty in old age!
Learn how Claudia Müller provides information about financial education and sustainable investing to promote financial independence.
Financial education for women: These tips will help combat poverty in old age!
Claudia Müller, an independent financial expert and founder of the Female Finance Forum, has decided to focus more on the topic of financial education. She worked for many years at the Deutsche Bundesbank and in a family office and emphasizes how important it is to actively manage personal finances. Her book “Finance – Freedom – Provision: The path to financial independence – not just for women” serves as motivation for numerous people to think more intensively about money and investments, such as Electrified Magazine reported.
Müller notes that one of the most common hurdles when investing is doing nothing at all. She emphasizes the importance of actively investing and developing your own opinions about markets and products. In Germany, it is worrying that one in five women aged 65 and over is considered to be at risk of poverty. To counteract this trend, Müller offers free webinars via Instagram and her blog that deal with pension gaps and retirement planning.
Key insights from financial education
One of Müller’s central recommendations is: “Start simple and spread widely.” She advises investing in funds instead of individual stocks and planning your finances over a period of at least ten years. The choice of low-cost investments such as ETFs is explicitly emphasized. Sustainability aspects are also crucial for Müller. She recommends paying attention to certificates such as the FNG seal or Finanztest when selecting sustainable investments.
Another important issue is women's financial education, which is clearly addressed in the National Financial Education Strategy. Women are a critical target group, as poverty in old age in Austria affects an above-average number of older women. Loud Federal Ministry of Finance (BMF) More than two thirds of those over 65 years old in poverty are female.
The financial education strategy aims to promote gender equality and takes into account the specific needs of women. Structural inequalities and personal life decisions play a central role. Müller also points out the importance of financial education in her new book “ONE TALKS ABOUT MONEY! – How children learn how to handle money well through play”. She calls for more education in schools to teach children to handle money responsibly at an early age.