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Teen Financial Literacy: Recent Study Findings

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The findings of the research indicate that Ukrainian teenagers possess limited financial understanding.

This information was provided by the National Bank of Ukraine.

The average correct response rate among teenagers was found to be 46.6%,

equivalent to 3 points on a 12-point grading scale.

The highest scores were achieved by students from Dnipropetrovsk (57.4%), Ivano-Frankivsk (53.7%) regions, and the capital (50.4%).

The lowest results were recorded in Kirovohrad (37.4%), Mykolaiv (39.7%), and Chernivtsi (41.4%) regions.

Girls scored better (47.4%) compared to boys (45.6%). Urban students averaged 48%, while rural students averaged 40%.

No respondent was able to provide 100% correct answers to all questions presented.

The study was conducted by experts from the Ukrainian Institute of Social Research named after O. Yaremenko in April 2024. The sample of participants was formed by specialists from the State Scientific Institution "Institute of Educational Analytics".

During the study, over 3,000 students aged 14 to 17 from 19 regions and the capital were tested.