Numeracy Level, Mathematics Problem Skills, and Financial Literacy

The study aimed to identify the correlation of numeracy level and mathematics problem solving ability to the respondents' financial literacy. The correlational research design was used in the study with the scores on the numeracy level and mathematics problem solving skills of the respondents, which were correlated to the scores on financial knowledge, financial behavior, and financial attitude as the domains of financial literacy. There were 563 grade 9 and 10 respondents from Masaya Integrated National High School (MINHS) and Laguna Science Integrated High School (LSIHS). Data were collected using the validated instrument to measure the given variables. This instrument reported an overall reliability index of α = 0.94. The statistical tools applied for the treatment of data gathered were frequency, percent, mean, and Pearson Product Moment of Correlation Coefficient. The study found out that the respondents have an average level of numeracy, problem solving ability, and financial literacy. The findings revealed that there is a significant and positive correlation between numeracy and financial literacy. Similarly, it was revealed that a substantial and direct relationship between problem-solving ability and financial literacy exists. Based on the results of the study, it is recommended that financial literacy may complement mathematics subject. The school and stakeholders may collaborate in providing number of training for teachers to help sustain student numeracy, problem-solving ability, and financial literacy.