Financial numeracy 30 years late
Datafile
Question asked in the latest wave:
scafinnumlat_ip16.finnumlat30y
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After 30 years, how much money will be in the account if no money is withdrawn?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 & CASISTART.scac = 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 =2 & (ff_numquesw16 =1|3)] // If ask financial numeracy question late 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 |
|---|---|---|---|
| missing | -9 | 2 | 0.07% |
| inapplicable | -8 | 1978 | 69.48% |
| proxy | -7 | 22 | 0.77% |
| refusal | -2 | 24 | 0.84% |
| don't know | -1 | 61 | 2.14% |
| £110 or less | 1 | 23 | 0.81% |
| More than £110, but no more than £130 | 2 | 173 | 6.08% |
| More than £130, but no more than £150 | 3 | 458 | 16.09% |
| More than £150 | 4 | 106 | 3.72% |
| Total | 2847 | 100.0% |
| Mean | Number Missing | Min | Max | Std Dev | N |
|---|---|---|---|---|---|
| 2.85 | 2087 | 1.0 | 4.0 | 0.68 | 760 |
