California Financial Capability Test Results

65%

Average Score of 65.005% to Date

52%

Percentage of Passing Scores to Date

-.08%

Δ: From Previous to Date: -.08%

0
Participants to Date

California Financial Capability Test – a 30 question test designed to measure participants’ ability to earn, save and grow their money – covers the ten subjects covered in the Financial Literacy Framework & Standards and were written to measure 3 key areas: motivation to learn, subject knowledge and recognition of the first step.

The test provides measurement tools for financial educators, self-testing for those interested in their personal finance capabilities and giving the media up-to-date information about the financial literacy rates of people across the state.

View the results below and visit the Financial Literacy Testing & Survey Center to access 4 complimentary measurement tools and to view results from past participants.

Average Score of 15 to 18 Year Olds by Year

2022

64%

Average Score of 63.75%

0
Participants

2021

63%

Average Score of 62.68%

0
Participants

2020

62%

Average Score of 61.89%

0
Participants

2019

60%

Average Score of 60.15%

0
Participants

2018

64%

Average Score of 64.03%

0
Participants

Average Score Segmented by All Participating Ages to Date

10 – 14
Years of Age

60%

Average Score of 59.65%

0
Participants

15 – 18
Years of Age

62%

Average Score of 62.33%

0
Participants

19 – 24
Years of Age

73%

Average Score of 72.92%

0
Participants

25 – 35
Years of Age

76%

Average Score of 76.44%

0
Participants

36 – 50
Years of Age

77%

Average Score of 77.18%

0
Participants

50+
Years of Age

79%

Average Score of 79.32%

0
Participants

Top 3 Most Missed Questions, 2016 to Date:

Question 1.

If I invest $100 per month starting at age 21, and that money earns a 7% annual return, how much will I have after 70 years?

Answered Correctly:

29.69%

48

“More than 1.5 million dollars”

Question 2.

How can I start setting personal goals now?

Answered Correctly:

30.44%

30

“Daydream, think about and/or research the type of lifestyle you want to live, and write down ideas.”

Question 3.

What is the safest initial step I can take to start building my credit?

Answered Correctly:

42.13%

42

“Create a credit plan that includes a budget, money set aside for emergencies, and the steps you’ll take to prove to the credit bureaus that you can repay money you borrow.”

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