Financial education

Measuring Financial Literacy

 

Assessing the levels of financial literacy in the population is a key component of a successful national strategy for financial education, enabling policy makers to identify gaps and design appropriate responses. International comparisons increase the value of such an assessment by enabling countries to benchmark themselves with other countries. Where similar patterns are identified across countries, national authorities can work together to find common methods for improving financial literacy within their respective populations.


OECD-INFE Toolkit to measure financial literacy and financial inclusion

Addressing a call by G20 Leaders to develop practical tools for financial literacy measurement, this toolkit incorporates a survey instrument that can be used to capture key information about financial behaviour, knowledge and attitudes in a wide range of countries with different income levels and allows international comparisons.


OECD PISA financial literacy assessment of students

The OECD Programme for International Student Assessment (PISA) has tested 15 year-olds on their knowledge of  personal finances and ability to apply it to their financial problems. This is the first large-scale international study to assess the financial literacy of young people. The results of this assessment were released in July 2014.


Measuring Financial Literacy - Pilot results from 14 countries

This paper presents the results of an OECD/INFE pilot survey on variations in financial knowledge, behaviour and attitude across 14 countries on 4 continents. It also explores differences in levels of financial literacy by socio-demographics within each of the countries.

 

The results highlight a lack of financial knowledge amongst a sizeable proportion of the population in each of the countries surveyed. Furthermore, there is considerable room for improvement in terms of financial behaviour. Attitudes are shown to vary widely.



 


 

DOCUMENTS AND LINKS

OECD PISA financial literacy assessment of students

 

OECD-INFE Toolkit to measure financial literacy and fianncial inclusion (2015)

OECD-INFE Toolkit to measure financial literacy and financial inclusion (2013)

Set of supplementary questions 

Measuring Financial Literacy - Pilot results from 14 countries

 

Measuring Financial Literacy: Questionnaire and Guidance Notes (pdf, 816KB)

 

Optional Survey Questions for the OECD INFE Financial Literacy Core Questionnaire (pdf, 352 KB)

 

Framework for the Development of Financial Literacy Baseline Surveys: A First International Comparative Analysis

 

OECD PISA financial literacy assessment


CONTACT

OECD/INFE Secretariat
Email: SecretariatINFE@oecd.org


Ms. Flore-Anne Messy
Tel: +33 1 45 24 96 56
flore-anne.messy@oecd.org