Transmission of Financial Literacy: parental figures versus financial education courses.
In the last evaluation of the Programme for International Student Assessment (PISA) of 2015, Brazil won the last place in the Financial Literacy Questionnaire. Have students who have obtained financial knowledge transmitted by courses for parents show a more conscious behavior regarding saving? To answer this question, PISA 2015 data analysis was performed. Overall, the results show a positive relationship between the conscious saving behavior of students with access to financial education and dialogues with parents about money. However, regression results for each country show that having access to financial education courses is related to good saving behavior for Belgium, Brazil, Canada, Chile, and Poland. In addition, dialogues with parents about money are positively related to appropriate saving behavior by students from Chile, Spain, Netherlands, and China.