Listen to M.B.A. student Kevin Liang as he shares his experience as a money novice while in college. Listen for his call to action, and think about how you can put his advice into practice. Topics include: Why do you think people often feel uncomfortable discussing their financial situation? What impact does financial literacy have on an individual’s future opportunities and societal inequality? What are the risks and benefits of not discussing financial matters openly? What does the narrator's story tell us about the social stigma associated with discussing money? How can being open about financial struggles and successes benefit individuals and communities? Discuss how early financial education could have changed the narrator’s family situation. What role does early financial education play in preparing for unforeseen financial challenges? Reflecting on the video, why might someone's financial literacy be linked to their family background or upbringing?

This volume presents the financial literacy results of the OECD Programme for International Student Assessment (PISA) 2022 and examines 15-year-old students’ understanding of money matters in 20 countries and economies. It explores the links between their financial literacy and their competencies in mathematics and reading, and differences across socio-demographic groups. It also offers an overview of their experiences with money, their financial behaviour and attitudes, and their exposure to financial literacy at home and in school. It assesses the extent to which students in twenty 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. Many 15-year-olds face financial decisions and are already consumers of financial services. They are likely to face growing complexity and risks in the financial marketplace as they move into adulthood. Since better knowledge and understanding of financial concepts and risks could help improve financial decision-making amongst adults and young people, financial literacy is now globally recognised as an essential life skill.