The Philippines is Among the Least Financially Literate

Filipino adults were among the least knowledgeable about their personal finances, presenting a major constraint to equitable economic development.

Standard & Poor’s ranked 140 countries in terms of financial literacy and found that adults in Asian countries knew the least about monetary ideas, including risk diversification, inflation and compound interest.

The Philippines was one of the 30 least financially literate countries in the world, with only 25 percent of adults aware of the basics of managing their money. More in