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ČBA: Financial literacy index at 55 points out of 100

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The Czech Banking Association (ÈBA) said as much based on its current survey and added that the financial literacy of Czechs was still average. Roughly 39% of the population does not understand recommendations by financial consultants. Some 14% cannot look for additional information about money and have problems with calculations and data provided in %. Almost one-quarter (22%) of the respondents admitted that they did not understand the world of finance at all. On the other hand, 19% of Czechs have no problem in the area of finances.

Source: www.cianews.cz

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