Shaping students' financial literacy
The role of parents and socio-economic backgrounds
The results of the PISA 2022 financial literacy assessment show that many 15-year-olds
should be better prepared for their financial future, as they are not able to apply
their financial knowledge to real-life situations. In every participating country
and economy, students from disadvantaged socio-economic backgrounds performed significantly
worse than their advantaged peers. PISA data also show that students who discuss money
matters with their parents, and those who make autonomous decisions about how to spend
their money, achieve higher levels of financial literacy. This PISA in Focus examines
the proportion of students who do not achieve baseline financial literacy and explores
the links between socio-economic backgrounds, parental interactions and financial
literacy performance.
Published on June 27, 2024
In series:PISA in Focusview more titles