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Development Trends of PISA 2012 and PISA 2018 Financial Literacy Achievements in Latvia

Development Trends of PISA 2012 and PISA 2018 Financial Literacy Achievements in Latvia

Linda Mihno
Copyright: © 2022 |Volume: 13 |Issue: 1 |Pages: 10
ISSN: 2574-8254|EISSN: 2574-8270|EISBN13: 9781683183266|DOI: 10.4018/IJSEUS.297064
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MLA

Mihno, Linda. "Development Trends of PISA 2012 and PISA 2018 Financial Literacy Achievements in Latvia." IJSEUS vol.13, no.1 2022: pp.1-10. http://doi.org/10.4018/IJSEUS.297064

APA

Mihno, L. (2022). Development Trends of PISA 2012 and PISA 2018 Financial Literacy Achievements in Latvia. International Journal of Smart Education and Urban Society (IJSEUS), 13(1), 1-10. http://doi.org/10.4018/IJSEUS.297064

Chicago

Mihno, Linda. "Development Trends of PISA 2012 and PISA 2018 Financial Literacy Achievements in Latvia," International Journal of Smart Education and Urban Society (IJSEUS) 13, no.1: 1-10. http://doi.org/10.4018/IJSEUS.297064

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Abstract

In this article, the author provides a definition of the term financial education management. According to the author, financial education management is a process that takes place in many levels of education supervision. The aim of the study is to find out how much the financial education activities in Latvia that were implemented at school and in the country have contributed to the development of financial literacy achievements by comparing the PISA 2012 and PISA 2018 survey data. Schools that participated in PISA 2018 were also surveyed in order to find out the aspects of financial education implementation in the school. The data shows that an increase has not been achieved in financial literacy within six years. Financial literacy is highly dependent on reading and mathematical literacy. Schools use relatively few financial institutions help to educate students in the finance field. As shown the study finds it is important that schools use the education services offered by banks and NGOs as it improves students' understanding of the financial environment.

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