Survey on measuring financial literacy and financial inclusion
The OECD invited countries to participate in an international data collection exercise for measuring financial literacy and financial inclusion using a core questionnaire designed for global use. Participating countries were requested to collect data from a representative sample of (at least) 1,000 adults and submit the results to the OECD/INFE for analysis. This allows for a comparison of key information about the financial knowledge, attitudes and behaviour of adults, as well as levels of financial inclusion and indicators of financial well-being across a wide range of countries.
This measurement exercise:
repeats the first OECD/INFE measurement exercise undertaken in 2010, allowing those countries that have used the core questionnaire previously to track changes across their population and see how these compare with changes in other countries.
gives all countries the opportunity to participate in an international comparison and benefit from inclusion in the cross-country, comparative analysis undertaken by the OECD/INFE Secretariat.
provides the opportunity for countries developing or implementing national strategies for financial education to collect reliable baseline data and benchmark their progress against other countries in similar circumstances.
provides an important signal that participating countries are following international good practice and actively participating in the international financial literacy agenda.
A preliminary guide to creating financial literacy scores using the data from the OECD/INFE 2015 financial literacy survey is available upon request. Please contact the INFE Secretariat to request a copy.