New Zealands Financial Knowledge Surveys DIANA CROSSAN Retirement
- Slides: 13
New Zealand’s Financial Knowledge Surveys DIANA CROSSAN Retirement Commissioner 23 rd March 2010 RBI/OECD Workshop, Bangalore, India: Delivering financial literacy
The New Zealand picture 2020 FINANCIALLY SORTED KIWIS cy oli P t n me 2000 ec f f E e Stabl ern v o G tive r cto e S e c vi al Ser anci n i F ed tion a l u p Trust d Po e t a c Edu y l l a i c Finan ECONOMIC GROWTH SOCIAL COHESION DEMOGRAPHICS New Zealand’s financial knowledge surveys 23 rd March 2010
New Zealand National Strategy for Financial Literacy Vision: Personal financial wellbeing for New Zealanders Mission: New Zealanders are financially well-educated and can make informed financial decisions throughout their lives • Developing quality • Extending delivery • Monitoring and evaluating New Zealand’s financial knowledge surveys 23 rd March 2010
Financial education topics ves Specialist i t a iv r e D Portfo mana lio geme nt down w a r d ment e r i t Re Tru sts Occasional es tgag r o M In Wor ve kpla sti ce s ng Wills upe r Ta xat ion ving hts r rig ion t fla In ume s n t n e o m e a g C a redit cards S n C a m t b e D Go t Insurance eres al t n I set tin Bank g come Net w n i n t I e g i d n g orth g Bu New Zealand’s financial knowledge surveys Everyday 23 rd March 2010
Financial Knowledge Surveys “The ability to make informed judgements and to take effective decision regarding the use and management of money” New Zealand’s financial knowledge surveys 23 rd March 2010
Financial knowledge framework • Mathematical and standard literacy • Financial understanding • Financial competence • Financial responsibility New Zealand’s financial knowledge surveys 23 rd March 2010
Methodology • • 850 people aged 18 and over nationwide Face to face interviews 62% response rate Questions test financial knowledge (what they know) and attitudes and behaviours (what they think and what they do) • Financial knowledge questions scored • Total score added up to low, medium or high level of knowledge New Zealand’s financial knowledge surveys 23 rd March 2010
Size of financial knowledge groups 2006 -2009 Source: 2009 ANZ-Retirement Commission Financial Knowledge Survey New Zealand’s financial knowledge surveys 23 rd March 2010
Using the findings New Zealand’s financial knowledge surveys 23 rd March 2010
Targeting Māori • 15% of population • Low levels of financial literacy • Survey of one tribe 2010 New Zealand’s financial knowledge surveys 23 rd March 2010
International comparison of baseline surveys • Overview of 24 national and 2 cross-national surveys • Differences in – Definitions and terminology – Coverage – Design and analysis • Limited scope for comparison – new research project beginning New Zealand’s financial knowledge surveys 23 rd March 2010
Best practice guidelines • Who do we survey • Survey method • Analysis and reporting • Core questions covering four broad areas – Day-to-day money management – Financial planning – Choosing appropriate products – Financial knowledge and understanding New Zealand’s financial knowledge surveys 23 rd March 2010
www. financialliteracy. org. nz DIANA CROSSAN Retirement Commissioner 23 rd March 2010 RBI/OECD Workshop, Bangalore, India: Delivering financial literacy
- Diana crossan
- New zealands tests positive
- Edad de diana alvarez del diario de diana
- What is shared knowledge
- Knowledge shared is knowledge squared
- Knowledge shared is knowledge multiplied interpretation
- Knowledge creation and knowledge architecture
- Contoh shallow knowledge dan deep knowledge
- What is a priori and a posteriori knowledge
- Street smarts vs book smarts
- Knowledge claim
- "the knowledge society" "the knowledge society" or tks
- Lanham act surveys
- Snap survey software