The Dutch government is set to implement a new education programme aimed at addressing financial illiteracy and the risks of online gambling among young people. The initiative is led by Deputy Prime Minister Carola Schouten who also serves as the country’s Minister for Poverty Policy, Participation, and Pensions.
The government is allocating €8 million for the programme which is expected to be rolled out across all primary and secondary schools in the Netherlands starting next year.
New Curriculum Covers Online Gambling Risks
The programme includes lessons relating to financial literacy, debt, as well as the risks associated with online gambling and cryptocurrency investments.
The lack of financial literacy may lead to poor money management and the accumulation of debts, especially among young adults who are transitioning to a stage of financial independence. This is highlighted in a study by Nibud which found that more than 25% of vocational students had debts or dealt with payment arrears.
Programme Benefits
According to Schouten, the new initiative will not only equip young people with important financial skills but will also establish a support network within the school and community to help those experiencing financial hardships.
The government’s approval of the programme comes as a new online gambling advertising ban, which aims to protect children and young adults from gambling harm, comes into effect on July 1.