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Financial Literacy: School Poverty Indicator


Average Scores

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Table FL6. Average scores of U.S. 15-year-old public school students on PISA financial literacy scale, by percentage of students in enrolled schools eligible for free or reduced-price lunch, based on principals' reports: 2012
Percent of students eligible for free or reduced-price lunch Average score s.e.
U.S. average 492   4.9
Less than 10 percent  
10 to 24.9 percent 542 * 7.4
25 to 49.9 percent 514 *** 9.5
50 to 74.9 percent 467 * 7.4
75 percent or more 442 * 10.0
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.
*** p<.05. Significantly different from the U.S. average at the .05 level of statistical significance.
NOTE: Scores are reported on a scale from 0 to 1,000. The National School Lunch Program provides free or reduced-price lunch for students meeting certain income guidelines. The percentage of students receiving such lunch is an indicator of the socioeconomic level of families served by the school. Data in this table are based on principals' responses to a question in the school questionnaire that asked the approximate percentage of eligible students in the school during the previous school year. Free or reduced-price lunch data are for public schools only. 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.