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Only 18% of adults in Armenia are financially literate - S&P survey

20.11.2015 15:01

Only 18% of adults in Armenia are financially literate - S&P survey

YEREVAN, November 20. /ARKA/. Armenia came 137th among 148 countries in S&P financial literacy ranking.

The study has been conducted by Standard & Poors rating agency jointly with Gallup, the World Bank and the Global Financial Literacy Excellence Center at the George Washington University.

The survey conducted in 2014 has revealed that only 18% of Armenian residents are financially literate.

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