Financial education is the process by which individuals improve their understanding of financial products and concepts; and through information, instruction and/or objective advice develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help, and to take other effective actions to improve their financial well-being and protection (OECD 2005). Financial education strategies benefit from empirical evidence to indicate the level of need amongst the population and within particular subgroups 4 . The measurement of financial literacy levels is therefore widely recognised as a priority for countries seeking.
