Average Scores

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Table FL12. Average scores of U.S. 15-year-old students on the PISA financial literacy scale, by race/ethnicity: 2015
Race/ethnicity—United States	Average score		s.e.
U.S. average	487		3.8
White	524	*	3.7
Black	422	*	6.4
Hispanic	460	*	5.8
Asian	525	*	13.7
Multiracial	494		7.5
OECD average	489		1.1
Race/ethnicity—Massachusetts	Average score		s.e.
Massachusetts average	523	*	6.7
U.S. average	487		3.8
White	541	*	5.9
Black	454	*	14.8
Hispanic	462	*	11.1
Asian	553	*	14.1
Multiracial	522	*	15.6
OECD average	489		1.1
Race/ethnicity—North Carolina	Average score		s.e.
North Carolina average	496		5.5
U.S. average	487		3.8
White	523	*	5.1
Black	437	*	8.1
Hispanic	480		7.8
Asian	‡		†
Multiracial	481		12.3
OECD average	489		1.1

† Not applicable. ‡ Reporting standards not met due to coefficient of variation over 50 percent. * p<.05. Significantly different from both the U.S. and OECD averages at the05 level of statistical significance. NOTE: Scores are reported on a scale from 0 to 1,000. Reporting standards were not met for American Indian/Alaska Native and Native Hawaiian/Other Pacific Islander. Black includes African American, and Hispanic includes Latino. Students who identified themselves as being of Hispanic origin were classified as Hispanic, regardless of their race. Although data for some race/ethnicities are not shown separately because the reporting standards were not met, they are included in the U.S., Massachusetts, and North Carolina totals. 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. 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.