Massachusetts Financial Literacy Test Data & Complimentary Tests
The Council provides complimentary financial literacy tests for Massachusetts residents of all ages. The Massachusetts financial literacy testing resources were developed to provide evaluation resources for financial educators, offer a self-improvement tool for individuals, and give the media information about the current state of people’s financial capabilities across Massachusetts.
Schools can leverage the Massachusetts financial literacy test to address the 9th- and 12th-grade standards, including questions on: budgeting, income and taxes, compounding interest, how interest is calculated, savings, risk management, investment strategies, jobs and careers, fixed and variable expenses, comparison shopping, credit choices, and risk/reward tradeoff.
Test Results: Massachusetts vs National Results
Massachusetts: 15- to 18-Year-Olds
Average Score of 67.5% to Date
Percentage of Passing [70%] Scores to Date
Δ: Change in Average Score from Previous Data: -.49%
1462 Participants
National Average Among 57,246 Participants (All Regions): 64.21%
State Comparison: 15- to 18-Year-Olds
Average scores among the 25 states with more than 750 15- to 18-year-old participants. Massachusetts Ranked 2nd. No state passed [70%].
Take the Massachusetts Financial Literacy Test & Get Results
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*Educators & Course Facilitators: Each student will receive individual results after completing the test. To receive students’ results, have them forward you the email.