Assessing financial literacy in PISA 2015

The PISA 2015 assessment of financial literacy among 15-year-old students was the second of its kind. It assesses the extent to which students in 15 participating countries and economies have the knowledge and skills, acquired both in and outside of school, that are essential for making financial decisions and plans for their future. This chapter highlights the importance of financial literacy for students in their current lives and as they move into adulthood. It then describes students’ exposure to financial education at school. The chapter concludes with a description of how financial literacy is defined and assessed in the 2015 financial literacy assessment, and presents sample test questions.