New Zealanders have scored highly in an international survey on financial knowledge, behaviours and attitudes.
The results were released on Wednesday at the Global Symposium on Financial Education in Auckland.
While the French scored highest for overall financial literacy (scoring 14.9 out of 21, compared to the OECD average of 13.7), New Zealanders placed at fifth equal with a score of 14.4.
The study also found that New Zealanders underestimate their ability and know more about financial matters than they realise: when asked to assess how good their knowledge was, only a third rated themselves higher than average, but when tested on the subject two-thirds scored above average.
New Zealand had the highest score of all 30 countries for 'positive financial attitudes', including disagreeing that 'money is there to be spent', not finding it 'more satisfying to spend (than to save)', and not tending to 'live for today'.
The OECD/INFE International Survey of Financial Literacy Competencies interviewed nearly 52,000 people in 30 countries, and 1300 aged 18-79 in New Zealand. It was created to advise policy makers and leaders for financial education strategies.
Retirement Commissioner Diane Maxwell said the results suggest that many New Zealanders are good at thinking about the longer-term, but "the more important question is whether that translates into action - are they doing something about it?"
The survey found that "public authorities need to improve financial resilience and long-term planning, support smart choice of financial products, and more generally strengthen knowledge, skills and behaviours of adults" through financial education, regulation and consumer protection policies.