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Two-thirds of adults worldwide are financially illiterate, with notable gender gaps, according to Standard & Poor’s 2014 survey of over 150,000 adults in 148 countries. The Philippines, while not the worst globally, ranks in the bottom 30 out of 144 countries in financial literacy. A BSP survey found that only 1% of Filipino adults answered financial literacy questions correctly.

Sources: BSP bridges financial literacy gap among Filipinos | Philippine News Agency (pna.gov.ph) July 2023

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Improved financial literacy still needed among Filipinos
In 2022, Bangko Sentral ng Pilipinas cited a global financial literacy study by Standard & Poor’s (S&P Global Ratings) and revealed that the Philippines ranked in the bottom 30 of 144 countries, with only 25% of Filipino adults considered financially literate.
BSP bridges financial literacy gap among Filipinos
Improved financial literacy still needed among Filipinos The Philippines is in the bottom 30 out of 144 countries in terms of financial literacy according to a global study, while a BSP survey showed that only 1 percent of surveyed Filipino adults correctly answered questions on financial literacy.
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