You are here

Flanders’ students rank second-best in financial literacy

A recent study puts Flanders’ students at the top of the ladder in terms of financial literacy.

Education first 

The large-scale inquiry by the Organization for Economic Cooperation & Development (OECD) shows that students in Flanders score second-best in financial literacy. Only pupils in the Chinese Beijing-Shanghai-Jiangsu-Guangdong region do better. Last year, the OECD already praised Flanders for its outstanding education. This study once again highlights the indispensable value attached to schooling in Flanders as an essential part of society and culture.

Bank accounts as incentives

The survey examined the knowledge and skills of 48,000 15-year-olds regarding money matters and personal finance. The ability to handle debit cards, understand interest rates on loans and mobile payments were all part of the equation. Having a bank account in particular tips the balance in favor of financial literacy. In Flanders, over 70% of students have their own accounts – a number that drops to a staggering 40% in countries with lower financial literacy, such as Chile, Lithuania, Poland and the Russian Federation.  

More info

OECD Programme for International Student Assessment (PISA) test of financial literacy
Reported by
De Tijd newspaper
14 June 2017

More news about Flanders?

  • Regular updates
  • No spam

Interested in doing business in Flanders?

Let us help you!

  • We can introduce you to other companies, banks and regulators
  • We organize site visits to real estate locations
  • We assist with all legal aspects of setting up a business
  • We're an official government agency
  • Our services are completely free
  • We are a team of international experts

Receive our handbook to growing your business in Flanders

  • It's completely free.
  • Get an overview of all incentives relevant to your company.
  • Tax system explained in-depth.
  • Learn how to set up your business quickly.
  • Discover the benefits of Flanders (in addition to the chocolate).

In addition to the ebook, I agree to receive one or two follow-up emails