How to increase the impact of financial literacy initiatives
As surveys show financial literacy outcomes falling short, Pedro Duarte Neves distils key lessons
This June, a report by the Organisation for Economic Co-operation and Development (OECD) concluded that levels of financial literacy remain too low for 15-year-old students in OECD economies.1 Nearly one-fifth of students did not achieve baseline proficiency levels in financial literacy, as for instance they find it difficult to calculate percentages; around two-thirds of the youngsters were not confident when reading bank statements; only one-tenth of 15-year-old students could understand
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