ECONOMY | Staff Reporter, Hong Kong

The French trumps Hong Kongers in money management: survey

Hong Kong scored 14.4 out of 21 in the index.

When it comes to abstract financial concepts, people in Hong Kong know their stuff.

According to Bloomberg, it’s the French, however, who rank highest in the world on their overall skill with money, according to an almost-global study released Wednesday by the Organization for Economic Cooperation and Development.

Some 52,000 adults in 30 countries were tested on their financial knowledge and rated on how they behave, and feel, about money. France ranked highest overall, with a score of 14.9 out of a possible 21, followed closely by Finland. Generally, the wealthier the country, the higher the score: Norway, Canada, and Hong Kong rounded out the top five. But there were exceptions: The U.K., with an annual gross domestic product per capita of $44,000, scored 13.1, below the average for all countries surveyed. The worst scores were in Belarus, with 11.7, and Poland, at 11.6. 

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