Financial literacy levels vary among individuals in any given population, including Filipinos. While some Filipinos possess a strong understanding of personal finance and make informed financial decisions, others may have limited knowledge and struggle with financial management.

According to various studies and surveys, the level of financial literacy in the Philippines has generally been found to be relatively low. For instance, the 2019 Bangko Sentral ng Pilipinas (BSP) Financial Inclusion Survey revealed that only around 25% of Filipino adults were considered financially literate. This means that a significant portion of the population may lack essential knowledge about basic financial concepts, such as interest rates, inflation, risk diversification, and investment options.

Recognizing the importance of financial literacy, the government and various organizations in the Philippines have been taking steps to improve financial education among Filipinos. The BSP, for instance, has been actively promoting financial literacy programs and campaigns to raise awareness and educate individuals on various financial topics.

Additionally, several non-profit organizations, private institutions, and community initiatives are working to enhance financial literacy through seminars, workshops, and online resources. The aim is to empower Filipinos with the necessary knowledge and skills to make sound financial decisions, manage debt, save, and invest effectively.

It's worth noting that financial literacy is an ongoing process, and progress is being made in improving financial education among Filipinos. However, there is still work to be done to ensure that a larger proportion of the population becomes financially literate and capable of making informed financial choices.