Our country is almost in the bottom quarter of the survey conducted in 2022. SBS acknowledged that “there is still a long way to go, as gaps in financial skills by socioeconomic strata still persist.”
The Organization for Economic Cooperation and Development (OECD) released the results of the financial competence of the PISA test carried out in 2022. The results show progress in Peru with respect to the evaluation carried out in 2018. The score obtained by our country increased, briefly, from 411 to 421 points..
Twenty countries participated in the PISA assessment on financial education, with Peru ranking above Costa Rica (418), Brazil (416), Saudi Arabia (412) and Malaysia (406).
Compared to 2018, the most significant improvements were recorded in the cases of female students (14 points) and students in public schools (12 points). It is also important to highlight that the percentage of Peruvian students who exceed the baseline for the development of financial literacy rose from 53.6% to 58.1%.
Another result that stands out is that 40% of students reported that they frequently argue with their parents about topics such as the family budget, the use of their tips, and money for things they want to buy.
In Peru, although there has been significant progress in financial education, there is still a long way to go, as gaps in financial skills persist by socioeconomic strata.
Cane specify that the Superintendence of Banking, Insurance and AFP (SBS) has been working for 15 years on educational resources and giving training talks to in-service teachers within the framework of its Finance at School Program, which aims to promote financial competencies established in the National Basic Education Curriculum established by the Ministry of Education (Minedu).
Finally, to promote financial education at the government level, the OECD highlights the role of national financial education policies, the implementation of financial education in schools and solid consumer protection systems, in a complementary way to the development of financial skills. .
Source: Larepublica
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