Blog
Ideas, data and news.
What we learn about financial education in the classroom, and what's new at Finomik.
Almost half of adults couldn't face an unexpected expense without serious difficulty
According to the World Bank's Global Findex 2021, only 55% of adults in developing economies could get extra money for an emergency within 30 days without much…
Almost 1 in 5 15-year-olds don't reach the baseline level of financial literacy
In the PISA 2022 financial literacy assessment, 18% of 15-year-olds across the OECD fell below the baseline level: they couldn't reliably apply financial…
3.5 billion adults worldwide lack basic financial knowledge
According to the global survey by S&P, Gallup and the World Bank, around 3.5 billion adults lack the minimum financial knowledge to make informed decisions. It…
Answer instead of reread: up to 50% more recall one week later
It isn't just that students prefer challenges to textbooks. Answering questions forces you to retrieve what you've learned, and that fixes knowledge far better…
Only 33% of adults worldwide have basic financial literacy
In 2015, S&P Ratings, Gallup and the World Bank carried out the largest financial literacy study ever: 150,000 adults interviewed in 148 countries. The…
88% of adults want compulsory financial education in high school
When you ask adults, the answer is clear. In a National Endowment for Financial Education survey (NEFE, 2022), 88% of US adults said their state should require…