Financial education and consumer protection

Financial Education in Schools


Financial literacy is a core life skill for participating in modern society. Children are growing up in an increasingly complex world where they will eventually need to take charge of their own financial future.

National surveys show that young adults have amongst the lowest levels of financial literacy. This is reflected by their general inability to choose the right financial products and often a lack of interest in undertaking sound financial planning. Even from an early age, children need to develop the skills to help choose between different career and education options and manage any discretionary funds they may have, whether from allowances or part time jobs. These funds may entail the use of savings accounts or bank cards.

The OECD's Principles and Good Practices for Financial Education and Awareness recommend that financial education start as early as possible and be taught in schools. Including financial education as part of the school curriculum is a fair and efficient policy tool. Financial education is a long-term process. Building it into curriculums from an early age allows children to acquire the knowledge and skills to build responsible financial behaviour throughout each stage of their education. This is especially important as parents may be ill-equipped to teach their children about money and levels of financial literacy are generally low around the world.


PISA assessment of the financial literacy of students - In 2012, the OECD Programme for International Student Assessment (PISA) conducted the first financial literacy assessment of 15-year-old students in 18 countries and economies. The results of the financial literacy assessment were released in July 2014, providing a unique international benchmark on the level of financial literacy of young people.


APEC endorsement - Finance ministers at the 2012 Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting adopted a policy statement recognising the importance of financial education in schools and encouraging APEC members to make use of the OECD's High-level Principles on National Strategies for Financial Education, Guidelines for Financial Education in Schools and other methodologies and tools. The statement also encourages APEC economies to consider the participation in the Financial Literacy Measurement  Programme for International Students Assessments (PISA) in 2015.

Overview brochure

Financial Education in Schools - 8pp brochure cover - 150 pixels


Financial Education for Youth (2014)


OECD/INFE Guidelines on Financial Education in Schools (2012)


OECD/INFE work on national strategies for financial education

High-level Principles on National Strategies for Financial Education (pdf)

Advancing National Strategies for Financial Education, A Joint Publication by Russia's G20 Presidency and the OECD (2013)


OECD PISA financial literacy assessment of students


OECD Recommendation on Principles and Good Practices for Financial Education and Awareness (pdf, 26KB)

For further information

Please contact:
Ms. Flore-Anne Messy
Tel: +33 1 45249656




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