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Education Office: PISA 2022 report on young people’s financial literacy released

The PISA 2022 report assessing the financial literacy of young people has been released and shows Hungary as ranking among the average of the 14 OECD countries examined, the Education Office (OH) said on Thursday.

The first large-scale international PISA study assessing the financial skills and knowledge of 15-year-olds was conducted in 2012. Participation is optional and Hungary joined it for the first time in 2022.

The 2022 assessment covered 20 countries including 14 members of the Organisation for Economic Co-operation and Development.

According to the OH, Hungarian students scored 492 points which is close to the average 498 point score of the participating OECD countries. The points Hungarian students scored is, however, above the overall average score of 475 points.

The OH noted that close to 82 percent of 15-year-old Hungarian students had the minimum or higher financial literacy skills expected from a social point of view.

A detailed report on the Hungarian youth’s results is expected to be released in the first half of July.

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