Financial Literacy: Student Race/Ethnicity

Average Scores

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Table FL8. Average scores of U.S. 15-year-old students on PISA financial literacy scale, by race/ethnicity: 2012
Race/ethnicity Average score s.e.
U.S. average 492   4.9
White 523 * 6.7
Black 431 * 9.7
Hispanic 460 * 7.8
OECD average (FL) 500   1.0
† Not applicable.
‡ Reporting standards not met.
* p<.05. Significantly different from both the U.S. and OECD averages at the .05 level of statistical significance.
NOTE: Scores are reported on a scale from 0 to 1,000. Reporting standards were not met for American Indian/Alaska Native, Asian, Multiracial, and Native Hawaiian/Other Pacific Islander. Black includes African American, and Hispanic includes Latino. Students who identified themselves as being of Hispanic origin were classified as Hispanic, regardless of their race. Although data for some race/ethnicities were not shown separately because the reporting standards were not met, they are included in the U.S. total. The OECD average (FL) is the average of the national percentages of the 13 OECD member countries that participated in the financial literacy (FL) assessment, with each country weighted equally. The following OECD countries participated in the financial literacy assessment: Australia, Belgium-Flemish Community, Czech Republic, Estonia, France, Israel, Italy, New Zealand, Poland, Slovak Republic, Slovenia, Spain and the United States. Standard error is noted by s.e.
SOURCE: Organization for Economic Cooperation and Development (OECD), Program for International Student Assessment (PISA), 2012.