Financial numeracy 5 years late
Datafile
Question asked in the latest wave:
scafinnumlat_ip16.finnumlat5y
Question label:
Financial numeracy 5 years
Question text:
Imagine a savings account with a current balance of £100. The interest rate is fixed at 1% per year.
After 5 years, how much money will be in the account if no money is withdrawn?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 | 20 | 0.7% |
| don't know | -1 | 43 | 1.51% |
| £101 or less | 1 | 41 | 1.44% |
| More than £101, but no more than £106 | 2 | 549 | 19.28% |
| More than £106, but no more than £111 | 3 | 161 | 5.66% |
| More than £111 | 4 | 31 | 1.09% |
| Total | 2847 | 100.0% |
| Mean | Number Missing | Min | Max | Std Dev | N |
|---|---|---|---|---|---|
| 2.23 | 2065 | 1.0 | 4.0 | 0.6 | 782 |
