Five things you should know about financial education
Published on 04-03-2015 by admin
1. European financial literacy levels are below those for previous generations
According to the Organisation for Economic Co-operation and Development (OECD), whose findings are confirmed also by recent surveys, our society faces worrying low levels of youth financial literacy and in many cases, significantly lower levels than previous generations.
One out of three clients of European financial advisers have a below-average understanding of financial concepts, combined with little interest in receiving detailed information on their investments.
When measuring womens’ knowledge of basic financial concepts, it appears they are less likely than men to answer correctly and even more likely to specify that they do not know the answer.