Many teenagers struggle to make basic financial decisions related to everyday spending, according to a new study from the Organization for Economic Co-operation and Development.
The Programme for International Student Assessment tested about 48,000 15-year-olds from across 15 countries on their financial literacy.
And many youths received a failing grade.
According to the research, only about a quarter of students could make “simple decisions” related to routine money matters.
Furthermore, just one in 10 youth had an understanding of more complex issues, such as income tax.
To see how youth from different countries across the OECD stack up in terms of their financial literacy, click through the gallery.
Countries are ranked based on their mean test scores. The OECD average was 487.