Financial education and consumer protection


PISA 2015 Results (Volume IV)

Students' Financial Literacy

The OECD Programme for International Student Assessment (PISA) examines not just what students know in science, reading and mathematics, but what they can do with what they know. Results from PISA show educators and policy makers the quality and equity of learning outcomes achieved elsewhere, and allow them to learn from the policies and practices applied in other countries. PISA 2015 Results (Volume IV): Students’ Financial Literacy, is one of five volumes that present the results of the PISA 2015 survey, the sixth round of the triennial assessment. It explores students’ experience with and knowledge about money and provides an overall picture of 15-year-olds’ ability to apply their accumulated knowledge and skills to real-life situations involving financial issues and decisions. Over the past decades, developed and emerging countries and economies have become increasingly concerned about the level of financial literacy of their citizens, particularly among young people. This initially stemmed from concern about the potential impact of shrinking public and private welfare systems, shifting demographics, including the ageing of the population in many countries, and the increased sophistication and expansion of financial services. Many young people face financial decisions and are consumers of financial services in this evolving context. As a result, financial literacy is now globally recognised as an essential life skill.

Published on May 24, 2017

In series:PISAview more titles


Foreword and acknowledgements
Executive summary
Reader's guide
What is pisa?
Overview: Students' financial literacy
Assessing financial literacy in PISA 2015
Student performance in financial literacy
How performance in financial literacy varies within countries and across student characteristics
Students' experience with money and their performance in financial literacy
Students' financial literacy, behaviour and expectations
What PISA 2015 financial literacy results imply for policy
Annexes3 chapters available
PISA 2015 Technical background
PISA 2015 data
The development and implementation of PISA: A collaborative effort
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