PISA 2015 report on Students’ Financial Literacy (incl Canada country report)

May 24, 2017 at 4:15 pm Leave a comment

ON May 24, the OECD,  in a news release titled Many Teenagers Struggle to Understand Money Matters,  announced the release of a report on student financial literacy.

From the release: “Around one in four students in the 15 countries and economies* that took part in the latest OECD Programme for International Student Assessment (PISA) test of financial literacy are unable to make even simple decisions on everyday spending, while only one in ten can understand complex issues, such as income tax.”

Canada, whose students generally scored higher than the average, gets its own country report ” Some 22% of students in the participating Canadian provinces are top performers in financial literacy [Table IV.3.2], meaning that they are proficient at Level 5 (compared to 33% in Beijing Shanghai-Jiangsu-Guangdong [China] and 12% on average across the participating OECD countries and economies). These students can analyse complex financial products, solve non-routine financial problems and show an understanding of the wider financial landscape.”

You too can take the test [sample questions only]  http://www.oecd.org/pisa/test-2012/financialliteracytest/ 

Read the blog Dollars and sense? Financial literacy among 15-year-olds.

Check it out! Rowan

 

Entry filed under: OECD. Tags: , , .

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