On November 18, 2015, the findings of the landmark Standard & Poor’s Ratings Services Global Financial Literacy Survey were released at Gallup headquarters in Washington, D.C. This is the most extensive measurement of financial literacy around the world.
The survey probes four basic financial concepts: numeracy, risk diversification, inflation, and compound interest. The data was collected in 2014 by Gallup as part of its Gallup World Poll survey and was analyzed by researchers from the World Bank and GFLEC. The survey results come from interviews conducted with more than 150,000 adults in 143 countries.
Director Lusardi joined a panel that discussed the survey findings and that included Jon Clifton, Managing Director, Global Analytics, Gallup; Leora Klapper, Lead Economist, Development Research Group, World Bank; and Diane Vazza, Managing Director, Head of Global Fixed Income Research, Standard & Poor’s Ratings Services. The panel was moderated by Jason Gold, Chief Operating Officer, McGraw Hill Financial Global Institute.
Click here to visit GFLEC’s webpage about the global survey and the event. You can also watch a short video in which Director Lusardi speaks about the survey, the key findings, and their implications.