ABSTRACT
This chapter analyzes financial literacy in Sweden. Data from the 2015 Financial Literacy Survey of the Consumer Finance Research Center (CFCR) are used to assess financial literacy in Sweden, concerning ten different areas of knowledge (e.g. payments, bank accounts, loans and debt, investments, retirement and planning, etc.). Descriptive statistics and correlation analysis between different topics provide a big picture about the average degree of financial literacy in the country. In the second part of the chapter some empirical analysis is useful to investigate the relationship between individual financial literacy and some socio-demographic characteristics (e.g. age, gender, income, education, etc.). The big picture is that the average correct answers’ rate is equal to 39% (on 50 financial literacy questions), with a range of performance in different areas of knowledge between 16% (‘bonds’) and 66% (‘bank accounts’).
