Global Thinking Foundation for GFLEC

 

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 and Financial Literacy: A Global Perspective

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 in Financial Literacy: A Global Perspective

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.

 

An Analysis of Financial Literacy Among Italian Students

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.

About GFLEC:
Founded in 2011 at the George Washington University School of Business, the Global Financial Literacy Excellence Center (GFLEC) has positioned itself to be the world’s leading center for financial literacy research and policy. Through rigorous scholarship and research, wide-reaching education, and global policy services, the Center works with partners in Washington, DC, throughout the United States, and across the globe to raise the level of financial knowledge. More information on GFLEC can be found at gflec.org.