Alfabetismo financiero y matemáticas: un estudio entre jóvenes preparatorianos en México

This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the “L&M Focus”, only 6.6% of the sample answered the three questions. Using the “OECD Focus” only 40% of the sample has a sufficient level of financial knowledge. Our econometric analysis offers evidence of the determinants of financial literacy, but particularly of the positive and significant impact of mathematical knowledge.