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Enabling Talent
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Financial Education
Economic knowledge in schools
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Many young people are well aware of the deficits in their knowledge of economics and are calling for schools to offer increased coverage of economic contexts. That is why Deutsche Bank has started various educational projects in the field of financial management.
Youth Banks are local initiatives for young project managers. People aged between 15 and 25 devote their spare time to helping peers of similar ages with planning and implementing micro projects, such as organizing a photo exhibition with the works of young artists.
Deutsche Bank, in cooperation with the German Children and Youth Foundation (“Deutsche Kinder- und Jugendstiftung”), gives up to € 400 for each individual project. The Youth Bankers also offer their know-how and help project initiators find additional sponsors. Germany currently has 25 Youth Banks.
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One fifth of all young people between the ages of 10 and 17 live beyond their means. Many fall into debt at an early age because they are ignorant of the essentials of finance. Financial topics are usually only dealt with theoretically in the school curriculum, and often with little relevance to everyday life.
The joint Financial Literacy initiative of Deutsche Bank and Deutsche Bank Foundation runs various economics training projects to teach young people how to deal with money responsibly. In addition to providing teaching material free of charge, we offer our professional expertise. Bank employees working as honorary tutors teach finance in a way young people can understand and relate to in their own lives.
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Key Facts
- Deutsche Bank has invested approximately € 25.5 million in the area of education
- The training programs supported by Deutsche Bank provide access to education for more than 160,000 children and young people
- With the “Digital Concert Hall” of the Berliner Philharmoniker, Deutsche Bank offers the world’s first live concert hall on the Internet
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