Financial Literacy and Economic Outcomes:Evidence and Policy Implications

摘要: This article reviews what we have learned over the past decade about financial literacy and its relationship to decision making around world. We used three questions survey people in several countries their level of fundamental knowledge economics finance, which they need function as effective makers. find that levels are low not only United States but also many other countries, including those with well-developed markets. Moreover, illiteracy is particularly acute for some demographic groups, especially women who less educated. These findings important, since linked borrowing, saving, spending patterns. offer new evidence on among high school students, drawing 2012 Programme International Student Assessment implemented 18 countries. Last, discuss implications this research policy.