Average Filipino has financial IQ of 48, says American bank
400 respondents polled
By Doris Dumlao
Philippine Daily Inquirer
First Posted 03:09:00 01/18/2008
MANILA, Philippines — Lacking confidence that their savings can cover emergency needs or support a comfortable retirement, the average Filipino has a “financial intelligence quotient” of only 47.8, less than half the maximum score of 100, according to Citibank.
The score was derived from the American banking giant’s Fin-Q survey, a study across the Asia-Pacific designed to measure the financial quotient or financial intelligence of consumers aged 18 to 40, who have at least a bank account or a credit card.
