Financial numeracy 30 years early
Datafile
Question asked in the latest wave:
scafinnumear_ip16.finnumear30y
Question label:
Financial numeracy 30 years early
Question text:
(Imagine a savings account with a current balance of £100. The interest rate is fixed at 1% per year.)
After 30 years, how much money will be in the account if no money is withdrawn?
Question universe:
if [(GRIDVARIABLES.ModeType = 1 & CASISTARTEARLY.scacearly = 1 thru 4) | (GRIDVARIABLES.ModeType = 2|3)] // Mode is face-to-face and has agreed to self-completion OR mode is telephone or web
And If [ff_numeracyw16 =1 & (ff_numquesw16 =1|3)] // If ask financial numeracy question early AND ask financial numeracy or both financial and environmental numeracy
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 2015 | 70.78% |
| proxy | -7 | 22 | 0.77% |
| refusal | -2 | 14 | 0.49% |
| don't know | -1 | 27 | 0.95% |
| £110 or less | 1 | 20 | 0.7% |
| More than £110, but no more than £130 | 2 | 175 | 6.15% |
| More than £130, but no more than £150 | 3 | 447 | 15.7% |
| More than £150 | 4 | 127 | 4.46% |
| Total | 2847 | 100.0% |
| Mean | Number Missing | Min | Max | Std Dev | N |
|---|---|---|---|---|---|
| 2.89 | 2078 | 1.0 | 4.0 | 0.7 | 769 |
