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Why Financial Literacy Is A Win-win For Australia

Exactly What do Australian 15-year olds have in common with their peers in New Zealand and Estonia?

Well, according to the Program for International Student Evaluation (PISA) report, Australian, Kiwi and Estonian teenagers rank third-equal in the world for their financial literacy skills.

The PISA research study, an effort of the Organisation for Economic Co-operation and Development(OECD), discovered only 15-year olds from the Flemish-speaking regions of Belgium and their equivalents in Shanghai understood finance much better than Australian youngsters.

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