1) Financial literacy in Brazil is low, with over half of students performing below basic proficiency levels according to PISA assessments. 2) Only a small percentage (2.6%) of Brazilian students achieved the highest levels of financial literacy proficiency. 3) Improving financial literacy in Brazil requires meeting the needs of low-achieving students, addressing socioeconomic inequalities, and providing equal opportunities for boys and girls to learn both in and out of school.

1. FINANCIAL LITERACY
How does this impact lives in Brazil?

2. Over the past few decades, developed and emerging economies have become
increasingly aware of the importance of ensuring that its citizens
are financially literate.
This resulted, in particular, from the reduction of systems
public and private assistance, demographic changes, including the aging of the
population, and significant developments in the financial market, including the growing
digitization of finance.
Lack of financial literacy leaves people ill-equipped to make decisions
adequate financial resources, which, in turn, can have both adverse effects on resilience.
and ultimately on global financial resilience (OECD,
2016).
As a result, financial literacy is now globally recognized as a
essential life skill, and a targeted financial education policy is considered.
an important element of economic and financial stability and development…
Scenario

3. ...but what is financial literacy?
According to (OECD, 2016d, p.) a combination of:
awareness
knowledge
skill
attitude
behavior
needed to make sound financial decisions and ultimately achieve
individual financial well-being.

4. Average performance worldwide
Fonte: OCDE (2017)

5. A zoom in Brazil
Fonte: OCDE (2017)
1) in Brazil, there are more students performing below the basic level
of
proficiency (Level 2) in Financial Literacy than at other proficiency
levels
2) Only 2.6% of students in Brazil had the best results in
Literacy
Financial
3) 53%, yes this is the percentage of level 1 or below, meaning
there is a lot of work to be done.

6. Next steps, how to improve the Brazilian scenario?
29/11/2021
15-year-olds, in general, already make financial decisions ranging from
purchase of mobile credits to decisions on how to spend your own
money. Also, they are probably starting to run into situations
where they need to set their spending priorities. also need to be
aware of ongoing costs and alert to possible fraud. With
older, they are likely to have to make decisions with consequences.
long-term financial.

7. The PISA 2015 Financial Literacy assessment highlights some
general policy suggestions for all countries and economies
Program participants, and of course, Brazil needs this:
1) Meet the needs of low-achieving students.
2) Address socio-economic inequalities as early as possible.
3) Provide equal learning opportunities for boys and girls.
4) Help students make the most of opportunities for learning available at the school.
5) Involve parents, at the same time as young people, in the discussion about
Financial Literacy.
6) Provide young people with safe opportunities for them to learn
through out-of-school experiences.
7) Assess the impact of initiatives inside and outside the school

8. Bibliographic References: