The Global Thinking Foundation has funded two research projects at GFLEC, the Global Financial Literacy Excellence Center at the George Washington University, Washington DC, USA.
The first research assessed the financial literacy levels of Millennials globally, as well as the gender gap, using the data from the S&P Global Financial Literacy Survey.
Millennials: those born between 1980 and 2000 have been raised during a period of public and financial welfare change. They have to face precarious employment conditions and financial instability. Millennials are the least financially literate.
Gender Gap: gender differences in financial literacy are globally spread. Worldwide, only 30% of women are financially literate (S&P GFLEC, 2014).
The second research focused on the OECD PISA 2015 data set, which was released in May 2017, paying special attention to the Italian youth.
Italy and PISA: Italy scored 483 points on average, while the ten OECD countries participating scored 489 points on average. The Country is also the only one that shows a gender gap among Gen Z in financial literacy.