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

Average Scores

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Table FL9. Average scores of 15-year-old students on the PISA financial literacy scale, by national quarters of the PISA index of economic, social and cultural status (ESCS) and education system: 2015
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	489	1.1		447	1.8		478	1.4		501	1.5		536	1.5		89		2.3
Russian Federation	512	3.3		489	4.7		508	4.7		523	4.3		535	4.7		46		6.2
Italy	483	2.8		452	5.3		483	3.7		494	3.9		512	4.3		60		6.4
Lithuania	449	3.1		419	4.3		432	4.3		460	4.8		490	5.1		71		6.5
Poland	485	3.0		453	4.6		475	4.0		491	4.6		526	5.0		73		6.5
Canadian provinces	533	4.6		495	5.9		525	5.4		549	6.2		572	6.4		77		7.9
Brazil	393	3.8		364	4.6		382	3.9		394	5.2		441	7.0		77		8.1
Spain	469	3.2		429	4.8		459	4.3		480	4.6		508	4.6		79		5.8
Slovak Republic	445	4.5		409	9.0		435	4.7		452	5.0		488	6.3		80		10.0
United States	487	3.8		445	5.2		469	4.8		499	5.9		542	5.1		97		7.2
Chile	432	3.7		381	6.1		430	5.8		438	5.1		484	4.4		103		6.8
Netherlands	509	3.3		462	7.3		494	4.7		518	4.5		566	4.5		104		9.0
Australia	504	1.9		454	2.9		489	2.3		521	3.1		561	3.1		107		3.9
Belgium	541	3.0		488	5.1		518	4.6		566	4.1		598	4.4		110		7.0
Peru	403	3.4		341	3.6		394	5.2		418	4.8		458	5.6		117		6.3
B-S-J-G (China)	566	6.0		500	7.2		552	7.0		580	6.1		632	12.2		132		13.4
U.S. state education systems
North Carolina	496	5.5		462	7.4		478	7.1		502	6.2		543	7.4		81		9.2
Massachusetts	523	6.7		475	7.6		506	6.5		545	5.9		572	7.5		97		9.3

Score gap is smaller than U.S. score gap at the05 level of statistical significance.

Score gap is larger than U.S. score gap at the05 level of statistical significance.

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. 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. Standard error is noted by s.e. Italics indicate non-OECD countries and education systems. 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. Results for Massachusetts and North Carolina are for public school students only. Detail may not sum to totals due to rounding. SOURCE: Organization for Economic Cooperation and Development (OECD), Program for International Student Assessment (PISA), 2015.