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Teens lack financial literacy and maths skills for digital economy, OECD report finds

Study highlights gap in rich countries between access to banking products and an understanding of how finance works

This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign

Teenagers in rich countries lack the financial literacy and maths skills needed to prepare them for the digital economy, according to an OECD report.

Despite growing numbers opening bank accounts and showing an interest in cryptocurrencies, the majority of 15-year-olds in the Pisa study, published on Thursday, struggled to understand key financial terms and a fifth found it difficult to calculate percentages.

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