Norway has thegreatest shareof financially-literate people worldwide, while Yemen has the least financially literate population. The UK ranked 6th, behind Canada, but ahead of the Netherlands and Germany. The US didn’t make the top 10.
We could all use a crash course in personal finance. Two-thirds of people around the world failed a short test of basic financial concepts. The five-question test—created by Standard & Poor’s, Gallup, the World Bank, and George Washington University—was posed to 150,000 people in more than 140 countries last year. It tests understanding of risk, inflation, interest, and compound interest. To pass, people had to demonstrate competency in three out of four topics. Yet just 33% of people were able to do that. See how you fare on this slightly modified version of the quiz. After each question, we’ll tell you how various countries did on it, too.