Financial literacy among Slovak pupils below OECD Average

Slovak pupils are below the average in OECD countries in terms of financial literacy, according to the results of the 2015 PISA financial literacy assessment of 15-year-old students that was released by the Education, Science, Research and Sport Ministry on Wednesday. Slovakia scored 445 points, while the OECD average was 489. Chinese pupils topped the list by scoring 566 points. Of the 15 participating countries, only pupils from Chile, Peru and Brazil posted worse performances than Slovak students. In comparison with the assessment in 2012, the performance of Slovak pupils dropped significantly by 25 points in 2015. The 2015 PISA study further revealed that more than one third (34.7 percent) of Slovak pupils are low performers in financial literacy and thus belong to the so-called risk group. "Moreover, the proportion of Slovak pupils in the risk group is 12.4-percent higher than the OECD average," stated the ministry. Conversely, 6.3 percent of Slovak 15-year-old pupils are top performers in financial literacy, but the proportion of Slovakia's top performers is 5.5 percentage points lower than the OECD average.