Financial education in schools, universities and so on will therefore play an important role in compensating for their lack of experience. I would like to touch upon financial education again later on. 2. Characteristics of respondents with high scores What advantages come with having high financial literacy? Let me give an example.
Chart 4 shows the relationship between the proportion of respondents who had experienced financial trouble, such as so-called special fraud and multiple debts, and the percentage of those who gave correct answers.3 Looking at these two by prefecture, we see a negative correlation.