YOUNG adults in the country are more financially literate than middle-aged and senior Filipinos, a Bangko Sentral ng Pilipinas (BSP) study showed, suggesting financial education programs should adapt to changing age priorities.
Using the 2018 BSP Consumer Finance Survey (CFS) as the primary data source, the central bank found that across the three age categories, young adults registered the highest financial literacy index of 0.742, higher than the middle-aged and senior cohorts at 0.656 and 0.623, respectively.
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