Measuring and Assessing Financial Capability Studies
Discover how financial capability is measured and assessed, including the influence of external factors like socioeconomic conditions. Explore findings from practitioners sharing insights on national strategies for financial education and the effectiveness of policy makers' spending on financial education.
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MEASURING AND ASSESSING FINANCIAL CAPABILITY: PRACTITIONERS SHARE STUDIES AND FINDINGS
How can financial capability be measured: External factors Socioeconomic and environmental conditions can play an important role in constraining or facilitating individual financial capability. In Papua New Guinea, for example, the wantok system is an unwritten social contract that serves as a safety net, in which people of the same village / town are obligated to help those who are in poor financial condition. 1
2 responsiblefinance.worldbank.org
AFI Global Policy Forum Poll 1 As of 2013, how many countries were well advanced in design or implementation of a national strategy for financial education 1. 15 2. 27 3. 32 4. 45
AFI Global Policy Forum Poll 1 Answers As of 2013, how many countries were well advanced in design or implementation of a national strategy for financial education 32% Total votes: 38 26% 21% 21% 15 27 32 45
AFI Global Policy Forum Poll 2 Out of the countries that were well advanced in design or implementation of a national strategy for financial education, what percentage have implemented a baseline 1. 15% 2. 50% 3. 80% 4. 93%
AFI Global Policy Forum Poll 2 Answers Out of the countries that were well advanced in design or implementation of a national strategy for financial education, what percentage have implemented a baseline 42% Total votes: 59 32% 19% 7% 15% 50% 80% 93%
AFI Global Policy Forum Poll 3 Is the money that policy makers spend on financial education well spent? Total votes: 65 Please select yes or no 63% 37% Yes No
