You’re living in Zedland. Which is a better deal at the local market, loose tomatoes for 2.75 zeds per kilogram, or 22 zeds for a 10-kg box? Before you answer, rest assured that there is no Zedland and no currency called the zed. The test question is part of a multinational assessment of the financial literacy of 15-year-olds. They didn’t do well. It turns out that most young people aren’t ready to be in charge of their own money. Only 12 per cent scored at the highest level of financial literacy, and 22 per cent “score below the baseline level of ...
Teenagers everywhere don't understand money
Only 12% of 15-year-olds have high financial literacy
Peter Coy Last Updated at May 25, 2017 22:46 IST