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.
This report provides measures of financial inclusion including elements of financial resilience and a newly-created score on financial well-being.
Twenty-six countries and economies, including 12 OECD countries, participated in this international survey of financial literacy, using the 2018 OECD/INFE toolkit to collect cross-comparable data. The survey results report the overall financial literacy scores, as computed following the OECD/INFE methodology and definition, and their elements of knowledge, behaviour, and attitudes.
This report describes the levels of financial literacy of adults in G20 countries and the Netherlands and Norway, guest countries under the G20 German Presidency. It was presented to G20 Leaders at their Summit Meeting in Hamburg on 8 July 2017.
Addressing a call by G20 Leaders to develop practical tools for financial literacy measurement, the OECD/INFE has conducted an international data collection exercise for measuring financial literacy and financial inclusion. A total of 51,650 adults aged 18 to 79 from 30 countries and economies participated in the survey.
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.
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 this assessment were released in May 2020.
This paper presents the results of an OECD/INFE pilot survey on variations in financial knowledge, behaviour and attitude across 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.
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