Teachers’ Corner

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Country: Malta

Language: English

The article focuses on the importance of professors in the field of financial education. For this reason the OECD recommends that financial education start as early as possible and be taught in schools. Including financial education as part of the school curriculum is a fair and efficient policy tool. In 2012, financial literacy was included as an optional component of the OECD Programme for International Student Assessment (PISA). PISA currently tests the attainment of 15-year-olds in mathematics, reading and science across 65 countries. The introduction of a financial literacy assessment will result in a unique international benchmark on the level of financial literacy of young people. The rich data will enable detailed investigations of the main factors associated with financial literacy levels and will help to identify policy measures that can be employed to improve levels in the future.

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