With the coronavirus crisis wreaking havoc on economies around the world, unemployment increasing and a global recession looming, it is more important than ever to ask how much adolescents know about money matters.
The results presented in this third survey provide a cross-comparable measure of the financial literacy of 15-year-old students in participating countries, and explore the association with levels of financial literacy and opportunities to acquire financial literacy in school, at home and through personal experience.
The results of the assessment were presented at an online event on Thursday, 7 May 2020, by Masamichi Kono, OECD Deputy Secretary-General, Flore Anne Messy, Head of the OECD Insurance, Private Pensions and Financial Markets Division, and Yuri Belfali, Head of the OECD Early Childhood and Schools Division.
Are students knowledgeable about money matters? With the current economic uncertainty, how prepared are students for their futures? The OECD’s Andreas Schleicher and Flore-Anne Messy discuss the latest PISA results that explore financial literacy of 15-year-old students from 20 countries.
The Programme for International Student Assessment (PISA) examines what students know in reading, mathematics and science, and what they can do with what they know. It provides the most comprehensive and rigorous international assessment of student learning outcomes to date. Results from PISA indicate the quality and equity of learning outcomes attained around the world, and allow educators and policy makers to learn from the policies and practices applied in other countries.
This publication is one of six volumes that present the results of the PISA 2018 survey, the seventh round of the triennial assessment. Volume IV, Are Students Smart about Money?, examines 15-year-old students’ understanding about money matters in the 20 countries and economies that participated in this optional assessment.
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