The study measured the numeracy and financial literacy among around 1300 Swedish adults, and found that these differed widely between demographic groups. In general, it says:
“Numeracy declines with increasing age, but the youngest respondents also perform poorly, suggesting a cohort effect that should be a cause for concern. Numeracy is positively correlated with education and with risk-taking.”
The report notes that numeracy is an important determinant of stock market participation and of financial literacy.
This study is part of FI's work on projects for personal financial information and education ("Financial literacy"), and was conducted to illustrate how Swedish households deal with various personal financial issues and to detect any obstacles and problems.