Factors associated with financial literacy among high school students in New Zealand

Michael P. Cameron*, Richard Calderwood, Ashleigh Cox, Steven Lim, Michio Yamaoka

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

36 Citations (Scopus)


Understanding financial literacy among young people is essential for developing effective financial education programmes. We present results from a sample of New Zealand high school students. Holding all else constant, we find that financial literacy is lowest among financially poorer students, those with less English ability, and those with less mathematical ability. However, relative poverty and lower English ability were not related to financial literacy at the highest cognitive level, i.e. the ability to apply financial knowledge. Thus, financial literacy education beginning at the high school level may be the key to improving financial decision-making in the population.

Original languageEnglish
Pages (from-to)12-21
Number of pages10
JournalInternational Review of Economics Education
Issue numberPA
Publication statusPublished - 2014


  • Financial education
  • Financial literacy
  • High school
  • New Zealand
  • Risk tolerance

ASJC Scopus subject areas

  • Education


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