Financial literacy skills of young people
On 24 May 2017, the OECD will launch PISA's latest results of the 15-year-old students’ financial literacy competencies across 15 countries. The event will consider the extent to which financial literacy is related to factors such as student background and skills in mathematics and reading. It will also explore students' access to money and their experience with financial matters.
The launch event will be immediately followed by an "OECD/GFLEC Global policy research symposium to advance financial literacy: Addressing the needs of youth"
The first PISA evaluation of the financial literacy of students was released in 2014:
What is PISA?
The Programme for International Student Assessment (PISA) is a triennial international survey which aims to evaluate education systems worldwide by testing the skills and knowledge of 15-year-old students in science, reading and mathematics. For the first time in 2012 it included an assessment of financial literacy, which was repeated in 2015. Around 53 000 students were assessed in financial literacy in 2015, representing about 12 million 15-year-olds in the schools of the 15 participating countries.
The 2015 assessment covers 15 countries and economies, including 10 OECD countries and economies: Australia, the Flemish Community of Belgium, 7 provinces in Canada (British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario and Prince Edward Island), Chile, Italy, the Netherlands, Poland, the Slovak Republic, Spain and the United States. 5 partner countries and economies also participated in the second assessment: Brazil, 4 provinces in China (Beijing, Shanghai, Jiangsu and Guangdong), Lithuania, Peru and the Russian Federation.
The event will take place back-to-back with the meeting of the Technical Committee of the OECD International Network on Financial Education (INFE). Full INFE members please click here for further information.
This event is open to the media. Requests for interviews should be addressed to Spencer.Wilson@oecd.org.
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LAUNCH OF THE US 2015 PISA RESULTS
The next public meeting of the Financial Literacy and Education Commission will be held on 24 May 2017, at the U.S. Department of the Treasury in Washington, D.C. Peggy G. Carr, Acting Commissioner for the National Center for Education Statistics, U.S. Department of Education, will provide an overview of the latest results of the 2015 PISA for the U.S. 15-year-old students' financial literacy competencies. A discussion on implications for the U.S., featuring Andreas Schleicher, OECD Director for Education and Skills will follow.
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