Malta Outperforms OECD Average in Financial Literacy

Malta's financial literacy levels exceed the OECD average, according to a major new survey that underscores the country's strong budgeting and saving habits among its adult population. 

The findings were presented at a workshop hosted by the Malta Financial Services Authority (MFSA) in collaboration with the European Commission's Reform and Investment task force, the OECD, and Malta's Ministry for Finance. The study, funded through the EU's Technical Support Instrument programme, surveyed more than 1,500 adults aged 16 to 79 between July and September 2025. 

Andrea Grifoni, Policy Advisor on Financial Consumer Protection, Education and Inclusion at the OECD, presented results showing Maltese respondents demonstrated particularly strong understanding of key financial concepts such as simple and compound interest. Home ownership remains a cornerstone of financial planning, with 70% of respondents owning their property. 

The survey also revealed encouraging trends in investment behaviour, with those who do invest citing retirement income, higher returns, and intergenerational wealth-building as primary motivations - suggesting a growing culture of long-term financial planning. 

Sarah Pulis, Head of Conduct Supervision at the MFSA, said: "These insights provide a robust evidence base to better understand how retail investors engage with financial products, and they will continue to guide targeted initiatives that strengthen consumer awareness, confidence and participation in the capital markets." 

The MFSA has signalled its intention to use the data to develop targeted programmes addressing remaining gaps, particularly around investment knowledge and digital financial literacy among lower-income groups. The authority's proactive, evidence-based approach positions Malta as a leader in consumer financial education within the EU. 

The event also featured opening remarks from Christopher P. Buttigieg, Chief Officer Supervision of the MFSA, and Cristina Pacella from the European Commission, reflecting the strong institutional collaboration driving Malta's financial literacy agenda forward.