US students in middle of pack on financial knowhow

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By AP

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Updated: Wed, 09 Jul 2014 07:20:40 EST

WASHINGTON (AP) — An international study says the United States runs in the middle of the pack when it comes to the financial knowledge and skills of 15-year-old boys and girls.

China's financial hub of Shanghai had the highest average score for teens who participated in the testing for the Paris-based Organization for Economic Cooperation and Development.

In all, 18 countries and economies were studied.

Shanghai was followed by the Flemish Community of Belgium, Estonia, Australia, New Zealand, the Czech Republic, Poland, Latvia, the U.S. and Russia.

At the bottom of the list were Italy and Colombia.

The testing is part of the Organization for Economic Cooperation and Development's International Student Assessment program.

An organization official says Shanghai schools identify students who are struggling and provide the support they need to be successful.

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