Table 2 Findings from the FLat World project across 15 countries
From: Financial literacy and the need for financial education: evidence and implications
Authors | Country | Year of data | Interest rate Q | Inflation Q | Risk divers. Q | All 3 correct (%) | At least 1 do not know (%) | N | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Correct (%) | DK (%) | Correct (%) | DK (%) | Correct (%) | DK (%) | ||||||
Lusardi and Mitchell (2011c) | USA | 2009 | 64.9 | 13.5 | 64.3 | 14.2 | 51.8 | 33.7 | 30.2 | 42.4 | 1488 |
Van Rooij, Lusardi, and Alessie (2011) | Netherlands | 2010 | 84.8 | 8.9 | 76.9 | 13.5 | 51.9 | 33.2 | 44.8 | 37.6 | 1665 |
Bucher-Koenen and Lusardi (2011) | Germany | 2009 | 82.4 | 11.0 | 78.4 | 17.0 | 61.8 | 32.3 | 53.2 | 37.0 | 1059 |
Sekita (2011) | Japan | 2010 | 70.5 | 12.5 | 58.8 | 28.6 | 39.5 | 56.1 | 27.0 | 61.5 | 5268 |
Agnew, Bateman, and Thorp (2013) | Australia | 2012 | 83.1 | 6.4 | 69.3 | 13.0 | 54.7 | 37.6 | 42.7 | 41.3 | 1024 |
Crossan, Feslier, and Hurnard (2011) | New Zealand | 2009 | 86.0 | 4.0 | 81.0 | 5.0 | 49.0 | 2.0 | 24.0 | 7.0 | 850 |
Brown and Graf (2013) | Switzerland | 2011 | 79.3 | 2.8* | 78.4 | 4.2* | 73.5* | 13.0* | 50.1* | 16.9* | 1500 |
Fornero and Monticone (2011) | Italy | 2007 | 40.0* | 28.2* | 59.3* | 30.7* | 52.2* | 33.7* | 24.9* | 44.9* | 3992 |
Almenberg and Säve-Söderbergh (2011) | Sweden | 2010 | 35.2* | 15.6* | 59.5 | 16.5 | 68.4 | 18.4 | 21.4* | 34.7* | 1302 |
Arrondel, Debbich, and Savignac (2013) | France | 2011 | 48.0* | 11.5* | 61.2 | 21.3 | 66.8* | 14.6* | 30.9* | 33.4* | 3616 |
Klapper and Panos (2011) | Russia | 2009 | 36.3* | 32.9* | 50.8* | 26.1* | 12.8* | 35.4* | 3.7* | 53.7* | 1366 |
Beckmann (2013) | Romania | 2011 | 41.3 | 34.4 | 31.8* | 40.4* | 14.7 | 63.5 | 3.8* | 75.5* | 1030 |
Moure (2016) | Chile | 2009 | 47.4 | 32.1 | 17.7 | 20.9 | 40.6* | N/A* | 7.7 | 53.1 | 14,463 |
Boisclair, Lusardi, and Michaud (2017) | Canada | 2012 | 77.9 | 8.8 | 66.18 | 16.13 | 9.36 | 31.29 | 42.5 | 37.23 | 6805 |
Kalmi and Ruuskanen (2017) | Finland | 2014 | 58.1 | 6.1 | 76.5 | 6.4 | 65.8 | 10.25 | 35.6 | 14 | 1477 |