Sociodemographic Determinants of Financial Literacy Levels

Abstract This article analyses the sociodemographic determinants associated with financial literacy levels of Chilean population based on three dimensions: (1) knowledge; (2) behaviour; and (3) attitude. The study draws from data first and, thus far, only national survey that has measured competency, conducted in 2016 by Organisation for Economic Cooperation Development (OECD), funded Financial Market Commission (CMF Spanish) Andean Corporation (CAF Spanish). It impact factors such as sex, age, education, employment situation have level surveyed (N = 1.224). For each dimension, logistic regression models were adjusted consistent global index. method aimed to calculate, these variables, probability an individual may possess adequate knowledge, behaviour, findings indicate a person between 30 60 years old, high education level, who earns income, will greater possessing level.