Financial Literacy in Asia Pacific: MasterCard Study

MasterCard has announced the results of its latest financial literacy study for the Asia Pacific region, ranking New Zealand the highest, ahead of such countries as Japan, Taiwan, Singapore, India and Australia.  While New Zealanders had top personal finance skills, the Chinese were the most talented investors.

The survey by MasterCard focused on three important areas of financial literacy, including skills in money management, financial planning and knowledge of investments.  One factor driving the strong results for New Zealand was the country’s top rating in overall basic money management, which relates to acumen in saving, budgeting, credit, and the paying of bills.  India and Myanmar were seen as the least literate in this area, according to MasterCard.

For more information on the MasterCard study and results, please click here.