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Financial Literacy: Average Scores


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Table FL1. Average scores of 15-year-old students on the PISA financial literacy scale, by education system: 2015
 
Education system Average score s.e.
OECD average 489   1.1
B-S-J-G (China) 566 Average score is higher than U.S. average score at the .05 level of statistical significance. 6.0
Belgium (Flemish Community) 541 Average score is higher than U.S. average score at the .05 level of statistical significance. 3.0
Canadian provinces 533 Average score is higher than U.S. average score at the .05 level of statistical significance. 4.6
Russian Federation 512 Average score is higher than U.S. average score at the .05 level of statistical significance. 3.3
Netherlands 509 Average score is higher than U.S. average score at the .05 level of statistical significance. 3.3
Australia 504 Average score is higher than U.S. average score at the .05 level of statistical significance. 1.9
United States 487   3.8
Poland 485   3.0
Italy 483   2.8
Spain 469 Average score is lower than U.S. average score at the .05 level of statistical significance. 3.2
Lithuania 449 Average score is lower than U.S. average score at the .05 level of statistical significance. 3.1
Slovak Republic 445 Average score is lower than U.S. average score at the .05 level of statistical significance. 4.5
Chile 432 Average score is lower than U.S. average score at the .05 level of statistical significance. 3.7
Peru 403 Average score is lower than U.S. average score at the .05 level of statistical significance. 3.4
Brazil 393 Average score is lower than U.S. average score at the .05 level of statistical significance. 3.8
       
U.S. state education systems      
Massachusetts 523   6.7
North Carolina 496   5.5
Average score is higher than U.S. average score at the .05 level of statistical significance. Average score is higher than U.S. average score.
Average score is lower than U.S. average score at the .05 level of statistical significance.Average score is lower than U.S. average score.
NOTE: Education systems are ordered by 2015 average score. Scores are reported on a scale from 0 to 1,000. All average scores reported as higher or lower than the U.S. average score are different at the 0.5 level of statistical significance. The OECD average is the average of the national average scores of the 10 OECD member countries that participated in the financial literacy assessment, with each system weighted equally. B-S-J-G (China) refers to the four PISA participating China provinces: Beijing, Shanghai, Jiangsu, and Guangdong. Canadian provinces refers to the seven provinces that participated in the financial literacy assessment: British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Island. Standard error is noted by s.e. Italics indicate non-OECD countries and education systems. Results for Massachusetts and North Carolina are for public school students only.
SOURCE: Organization for Economic Cooperation and Development (OECD), Program for International Student Assessment (PISA), 2015.