Financial Literacy of Secondary Students Survey

Sponsor	Commission for Financial Literacy and Retirement Income
Speciality	Education
Provider	New Zealand Council for Educational Research
Contract Value	-
Administration Date	2013
Frequency	Not specified
Next Administration	Not specified
Primary Method	Self-complete
Primary Sample	Years 9 to 13 students from 24 schools
Response Rate	26%
Sample Size	2,646
Secondary Sample	Teachers from 53 schools
Response Rate	-
Sample Size	196
Sample Frame	Stratified probability-proportional-to-size sample design to select 186 schools out of a total of 380, from the Ministry of Education’s school profile and roll data July 2013
Participation	Voluntary
Monetary Incentive	None
Geographical Region	National
Average Survey length	Student survey 15 minutes

The Financial Literacy of Secondary Students Survey investigates the behaviours, attitudes and experiences of New Zealand secondary students, with money and financial products, and the range of financial literacy teaching/programmes being taught in New Zealand secondary schools. The survey also explores barriers to the implementation of financial literacy teaching. The recent Programme for International Student Assessment (PISA) Financial Literacy report showed that New Zealand 15-year-old students were, on average, performing above the Organisation for Economic Co-operation and Development (OECD) average. However, this report also highlighted the large variation in performance, and the large group of 15-year-old students achieving the lowest level of financial literacy proficiency. Combining the findings from the current research with the recent PISA results will provide a more detailed depiction of financial literacy for New Zealand students.

Three types of surveys were conducted: a self-complete student survey, an online teacher survey, and an online school leader survey. 

For a copy of the final report, please click here.