Financial literacy response rate
| Items | Correct response (%) | Incorrect response (%) | Do not know (%) |
|---|---|---|---|
| Numeracy | 65.5 | 23.2 | 11.3 |
| Interest compounding | 59.4 | 28.4 | 12.3 |
| Inflation | 51.9 | 24.2 | 13.9 |
| Time value of money | 59.4 | 28.4 | 12.3 |
| Money illusion | 57.7 | 24.8 | 13.9 |
| Investing | 60.69 | 25.35 | 13.96 |
| Diversification of risk | 58.4 | 32 | 9.7 |
| Debt management | 53.2 | 26.8 | 20 |
| Retirement savings | 57.25 | 19.85 | 24.2 |
| Housing | 59.35 | 24.2 | 16.45 |
| Life insurance | 51.75 | 24.85 | 23.4 |
| Annuity | 49.7 | 28.1 | 22.3 |
| Items | Correct response (%) | Incorrect response (%) | Do not know (%) |
|---|---|---|---|
| Numeracy | 65.5 | 23.2 | 11.3 |
| Interest compounding | 59.4 | 28.4 | 12.3 |
| Inflation | 51.9 | 24.2 | 13.9 |
| Time value of money | 59.4 | 28.4 | 12.3 |
| Money illusion | 57.7 | 24.8 | 13.9 |
| Investing | 60.69 | 25.35 | 13.96 |
| Diversification of risk | 58.4 | 32 | 9.7 |
| Debt management | 53.2 | 26.8 | 20 |
| Retirement savings | 57.25 | 19.85 | 24.2 |
| Housing | 59.35 | 24.2 | 16.45 |
| Life insurance | 51.75 | 24.85 | 23.4 |
| Annuity | 49.7 | 28.1 | 22.3 |