Skip Navigation
small NCES header image

Financial Literacy: Student Economic, Cultural, and Social Status (ESCS)


Average Scores

Excel File Excel Download

Table FL4. Average scores of 15-year-old students on PISA financial literacy scale, by national quarters of the PISA index of economic, social and cultural status (ESCS) and education system: 2012
Education system All students   National quarters of the ESCS index
  Bottom quarter   Second quarter   Third quarter   Top quarter   Top to bottom quarter
Average score s.e.   Average score s.e.   Average score s.e.   Average score s.e.   Average score s.e.   Score gap s.e.
OECD average (FL) 500 1.0   457 1.9   488 1.9   514 1.9   547 1.8   91   2.5
Estonia 529 3.0   508 6.1   516 6.1   533 6.1   562 5.4   53 8.0
Italy 466 2.1   433 3.9   463 3.3   476 3.3   494 3.3   61 5.0
Croatia 480 3.8   452 5.5   463 6.0   492 7.2   516 6.5   65 7.5
Latvia 501 3.3   465 7.1   487 7.0   517 6.6   533 6.3   68 9.2
Poland 510 3.7   481 6.3   491 5.8   520 6.2   549 6.9   69 8.9
Russian Federation 486 3.7   447 6.8   481 5.0   502 6.7   518 7.0   71 10.1
Shanghai-China 603 3.2   562 7.5   599 5.8   616 5.4   638 6.1   75 9.9
Belgium-Flemish Community 541 3.5   503 6.8   526 7.0   563 6.4   581 5.7   78 9.1
Spain 484 3.2   443 6.1   479 5.7   495 5.8   526 5.1   82 7.9
Australia 526 2.1   482 4.2   516 4.2   546 4.4   569 4.4   87   6.3
Slovenia 485 3.3   439 7.3   473 5.1   499 5.9   530 7.4   91   9.5
Czech Republic 513 3.2   471 7.4   504 6.2   517 7.5   562 5.5   91   9.5
Colombia 379 4.7   333 10.0   366 7.8   386 7.7   430 8.0   98   12.2
Slovak Republic 470 4.9   415 9.1   459 7.8   486 7.8   522 9.5   107   11.9
United States 492 4.9   443 7.0   471 8.3   506 7.0   550 8.5   108   9.6
France 486 3.4   437 8.3   480 5.8   488 7.7   551 5.9   113   9.5
Israel 476 6.1   421 8.0   463 11.7   504 10.2   534 6.9   114   10.0
New Zealand 520 3.7   459 7.5   509 8.8   543 8.0   585 7.4   127   10.6
Score gap is larger than the U.S. score gap.
Score gap is smaller than the U.S. score gap.
NOTE: The PISA index of economic, social and cultural status (ESCS) was created using student reports on parental occupation, the highest level of parental education, and an index of home possessions related to family wealth, home educational resources and possessions related to “classical” culture in the family home. The home possessions relating to "classical" culture in the family home included possessions such as works of classical literature, books of poetry, and works of art (e.g. paintings). Education systems are ordered by the score gap. Scores are reported on a scale from 0 to 1,000. All score gaps reported as higher or lower than the U.S. score gap are different at the .05 level of statistical significance. 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. Italics indicate non-OECD countries and education systems.
SOURCE: Organization for Economic Cooperation and Development (OECD), Program for International Student Assessment (PISA), 2012.

Would you like to help us improve our products and website by taking a short survey?

YES, I would like to take the survey

or

No Thanks

The survey consists of a few short questions and takes less than one minute to complete.
National Center for Education Statistics - http://nces.ed.gov
U.S. Department of Education