American teenagers rank below average
when it comes to understanding the value of money -- while Chinese kids are the
best.
In a quiz designed by the Organization
for Economic Cooperation and
Development to reveal "financial literacy" of 15-year-olds, students from the U.S., Russia and Latvia emerged as below middling. Teens from China, Belgium, Estonia, Australia and New Zealand were revealed as the savviest.
Development to reveal "financial literacy" of 15-year-olds, students from the U.S., Russia and Latvia emerged as below middling. Teens from China, Belgium, Estonia, Australia and New Zealand were revealed as the savviest.
Nearly 30,000 students across 18 of the
world's industrialized nations were tested on how they understood financial
matters for the report.
Financial literacy ranking
1. Shanghai-China
2. Belgium
3. Estonia
4. Australia
5. New Zealand
6. Czech Republic
7. Poland
OECD Average
9. United States
10. Russia
11. France
12. Slovenia
13. Spain
14. Croatia
15. Israel
16. Slovak Republic
17. Italy
18. Colombia
After Nigerians will brag about how
they know money. Even Igbo men will say that they know money but where is Nigeria
on this list? Mtcheeewww
Nigerian only knows how to spend the
money. But hold on a second, Nigerian 15-year –olds wasn’t involved in this quiz competition. Why? @ Organization for Economic Cooperation and Development
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