How Not Smart Are Americans Vis-à-vis Everyone Else? Financial Literacy Edition


Here’s something else we’re not number one at.

The Organization for Economic Cooperation and Development this week released its findings from a survey of students in 18 countries that tested their performance in financial literacy, mathematics and reading skills.

Students in the U.S. scored 492 points, coming in just below the 500-point average and ninth overall. But they were well below students in Shanghai, China, who averaged 603 points. Colombian students rounded out the bottom of the ranking with an average test score of 379. Students were measured on a scale from 326 points to more than 625.

Are You More Financially Literate Than A 15-Year-Old? [WSJ Real Time Economics blog]