The monetary literacy of Austrian younger folks is above common in comparison with 15-year-olds in different OECD nations. That is proven by partial outcomes from the 2022 PISA examine revealed on Thursday.
Austria took half within the worldwide comparative examine for the primary time; a complete of 20 nations (together with eleven EU nations) took half. The intention of the examine was to find out the extent to which younger folks have the required data and abilities to make knowledgeable monetary choices.
In seven of the 20 nations, younger folks scored larger than the OECD common of 498 or the EU common of 497 factors in monetary data. The very best outcomes had been achieved in Belgium (Flemish Group, 527), Denmark (521), Canada (eight provinces, 519), the Netherlands (517) and the Czech Republic (507). Austria’s 15-year-olds adopted in sixth place with 506 factors, which was simply pretty much as good as their friends from Poland.
Origin is essential
Household background has a very sturdy affect in Austria – round 1,600 younger folks took half within the take a look at – the efficiency distinction between college students with rich, extremely educated dad and mom and socioeconomically deprived younger folks is bigger than the OECD common, and migration background additionally has a disproportionately sturdy impact.
Regardless of the above-average outcome, Training Minister Martin Polaschek (VP) sees room for enchancment. He introduced, amongst different issues, that new curricula would place a particular give attention to financial and monetary training. Neos and the Federation of Austrian Industries demanded extra consideration to socially deprived teams.
