Table FL3. Cut scores of 15-year-old students on PISA financial literacy scale at selected percentiles and percentile cut score gaps, by education system: 2012 | ||||||||||||||||||
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Education system | Percentile | |||||||||||||||||
10th | 25th | 50th | 75th | 90th | 90th to 10th | |||||||||||||
Cut score | s.e. | Cut score | s.e. | Cut score | s.e. | Cut score | s.e. | Cut score | s.e. | Cut score gap | s.e. | |||||||
OECD average (FL) | 373 | 2.4 | 439 | 1.6 | 505 | 1.3 | 566 | 1.4 | 620 | 1.7 | 247 | 2.8 | ||||||
Latvia | 402 | 6.1 | 449 | 5.1 | 503 | 4.7 | 556 | 4.7 | 598 | 5.5 | 196 | 7.9 | ||||||
Estonia | 428 | 5.0 | 476 | 3.7 | 530 | 4.0 | 582 | 4.3 | 631 | 5.1 | 203 | 6.8 | ||||||
Shanghai-China | 495 | 6.9 | 549 | 5.0 | 610 | 3.8 | 662 | 4.0 | 704 | 3.7 | 208 | 7.8 | ||||||
Poland | 401 | 5.9 | 454 | 5.3 | 514 | 5.0 | 566 | 3.7 | 611 | 6.3 | 210 | 7.9 | ||||||
Croatia | 373 | 5.4 | 427 | 5.3 | 481 | 4.7 | 540 | 5.0 | 586 | 5.9 | 213 | 7.5 | ||||||
Spain | 371 | 6.0 | 429 | 5.1 | 489 | 3.9 | 543 | 4.3 | 593 | 4.0 | 222 | 7.4 | ||||||
Italy | 350 | 4.3 | 412 | 3.6 | 472 | 2.6 | 528 | 2.9 | 574 | 2.9 | 224 | 4.7 | ||||||
Czech Republic | 399 | 7.2 | 456 | 5.9 | 516 | 4.2 | 573 | 3.5 | 624 | 5.8 | 225 | 9.3 | ||||||
Russian Federation | 367 | 6.2 | 432 | 6.3 | 492 | 4.6 | 549 | 4.5 | 593 | 5.4 | 226 | 8.0 | ||||||
Slovenia | 366 | 8.3 | 426 | 4.7 | 486 | 4.3 | 546 | 5.7 | 598 | 6.8 | 232 | 10.3 | ||||||
Belgium-Flemish Community | 409 | 6.7 | 480 | 6.3 | 550 | 4.1 | 611 | 3.9 | 660 | 6.8 | 251 | 8.6 | ||||||
Australia | 398 | 4.7 | 461 | 3.4 | 528 | 2.7 | 595 | 3.6 | 653 | 4.0 | 255 | 6.2 | ||||||
United States | 364 | 7.3 | 424 | 6.1 | 490 | 6.8 | 561 | 7.2 | 620 | 8.3 | 256 | 10.1 | ||||||
Slovak Republic | 331 | 13.0 | 409 | 7.6 | 477 | 6.0 | 541 | 6.1 | 596 | 6.9 | 265 | 14.1 | ||||||
Colombia | 241 | 9.8 | 312 | 6.3 | 383 | 5.5 | 451 | 5.3 | 508 | 6.5 | 267 | 10.6 | ||||||
France | 347 | 9.6 | 423 | 5.8 | 494 | 4.3 | 557 | 5.5 | 616 | 6.7 | 269 | 12.4 | ||||||
Israel | 322 | 16.1 | 410 | 9.2 | 487 | 6.5 | 556 | 6.6 | 616 | 8.7 | 294 | 15.3 | ||||||
New Zealand | 361 | 9.6 | 442 | 6.2 | 527 | 6.0 | 603 | 4.8 | 667 | 6.4 | 306 | 10.9 | ||||||
Cut score gap is larger than the U.S. percentile cut score gap. Cut score gap is smaller than the U.S. percentile cut score gap. NOTE: This table shows the threshold (or cut) scores for the following: (a) 10th percentile- the bottom 10 percent of students; (b) 25th percentile- the bottom 25 percent of students; (c) 50th percentile- the median (half the students scored below the cut score and half scored above it); (d) 75th percentile- the top 25 percent of students; (e) 90th percentile- the top 10 percent of students. The percentile ranges are specific to each education system's distribution of scores, enabling users to compare cut scores across education systems. Education systems are ordered by cut score gap. Scores are reported on a scale from 0 to 1,000. All cut score gaps reported as higher or lower than the U.S. cut 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. |