Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE)

Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE)


This paper presents the findings from an OECD International Network on Financial Education pilot study undertaken in 14 countries. The analysis focuses on variations in financial knowledge, behaviour and attitude across countries and within countries by socio-demographics.

The results highlight a lack of financial knowledge amongst a sizeable proportion of the population in each of the countries surveyed. Furthermore, there is considerable room for improvement in terms of financial behaviour. Attitudes are shown to vary widely. These results will enable countries to identify needs and gaps in financial education provision and develop national policies or strategies. They also provide a sound evidence base for developing OECD recommendations and principles.

Key aspects

It is possible to apply the same set of questions to very different populations around the world and create simple, meaningful indicators of financial literacy.

There is a positive association between attitudes and behaviour.

Analysis by socio-demographics suggests that inequality in opportunities may be preventing individuals from being more financially literate.

Full content of the publication


Benefit Financial education Financial inclusion Financial literacy Governance Insurance Investments Measurement of financial literacy Private pensions Protection Risk management


Flore-Anne Messy

Head of the Consumer Finance, Insurance and Pensions Division, OECD

Adele Atkinson

PhD, Policy Analyst Financial Education and Consumer Protection Unit OECD


Additional Information

Date published


Document Type

Working paper on Finance - Pilot Study OECD




Academics, regulators, policymakers and public authorities



JEL Code

D12, D14, D18, D63


OECD Publishing



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