South African Social Attitudes Survey (SASAS) 2011: Financial Literacy Survey (FSB) - All provinces

Description:
The FSB used a multidimensional approach to financial literacy, which centres on four principal domains: namely, day-to-day money management, financial planning, choosing appropriate products, and financial knowledge and understanding. The questionnaire was structured in a way as to capture these domains. Respondents had to complete all questions in all sections.

The data set for dissemination contains 2972 cases and 897 variables.
Abstract:
SASAS represents a notable tool for monitoring evolving social, economic and political values among South Africans, but it also demonstrates promising utility as an anticipatory, or predictive, mechanism that can inform decision- and policy-making processes.

Due to various requests from government departments and other organisations, the HSRC has made a capacity available for external organisations to participate in the survey by purchasing questions in the survey (the so called client questionnaire). In 2011 the FSB purchased a full module of questions in the SASAS survey, attempting to determine a financial literacy baseline for South Africa.

The SASAS 2011 round was designed to yield a representative sample of 3 500 individuals aged 16 and older in households which are geographically spread across the country's nine provinces. Each SASAS round of interviewing consists of a sample of 500 Population Census enumeration areas (EAs) as primary sampling units, stratified by province, geographical sub-type and majority population group.