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ERIC Number: ED574255
Record Type: Non-Journal
Publication Date: 2017-May
Pages: 2
Abstractor: As Provided
Reference Count: N/A
Financial Literacy of 15-Year-Olds: Results from PISA 2015. Data Point. NCES 2017-086
Gonzales, Patrick; Sen, Anindita
National Center for Education Statistics
On May 24, the National Center for Education Statistics released Financial Literacy of 15-year-olds: Results from PISA 2015. The PISA assessment of financial literacy measured students' knowledge and understanding of fundamental elements of the financial world, including financial concepts, products, and risks, and their ability to apply what they know to real-life situations involving financial issues and decisions. The Program for International Student Assessment (PISA) is a system of international assessments that allows countries to compare outcomes of learning as students near the end of compulsory schooling. PISA measures the performance of 15-year-old students in science, reading, and mathematics literacy as well as other occasional subjects, such as financial literacy, every 3 years. PISA uses the term "literacy" in each subject area to indicate how well students are able to apply their knowledge and skills to problems in a real-life context. PISA is coordinated by the Organization for Economic Cooperation and Development (OECD). It was first implemented in 2000 in 32 countries. It has since grown to 70 education systems in 2015. The focus of the Data Point is on the performance of students in the United States relative to their peers in 14 other education systems that participated in the financial literacy assessment in 2015, and on changes in scores since 2012. In addition, it describes achievement in two states that participated in PISA 2015 individually: Massachusetts and North Carolina; these systems can be compared with the United States, each other, and other PISA participants.
National Center for Education Statistics. Available from: ED Pubs. P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827; Web site:
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Center for Education Statistics (ED)
Identifiers - Location: United States; Massachusetts; North Carolina; Belgium; Canada; Russia; Netherlands; Australia; Poland; Italy; Spain; Lithuania; Slovakia; Chile; Peru; Brazil
Identifiers - Assessments and Surveys: Program for International Student Assessment
IES Funded: Yes