A 2020 survey asked five basic questions about money and compared it to the same questions asked in 2016.

The average correct score of Australian males fell from 4.1 in 2016 to 4.0 in the 2020 survey.

The mean score of Australian women, already lower than Australian males, fell even further behind from 3.7 to 3.5.

Australians aged 15 to 24 had the biggest decline with their mean correct score dropping from 3.4 to 2.9.

Roger Wilkins, Esperanza Vera-Toscano, Ferdi Botha, Mark Wooden and Trong-Anh Trinh (2022) The Household, Income and Labour Dynamics in Australia Survey: Selected Findings from Waves 1 to 20. Melbourne Institute: Applied Economic & Social Research, University of Melbourne, <https://melbourneinstitute.unimelb.edu.au/__data/assets/pdf_file/0011/4382057/HILDA_Statistical_Report_2022.pdf>