Overconfidence in this study was measured in a two-barreled financial literacy survey of 664 seniors.
The 47% figure is ultimately derived from a 1993 federal study, the National Adult Literacy Survey (NALS).
In the wake of the 1996 International Adult Literacy Survey (IALS) in New Zealand, concern regarding adult literacy increased.
The International Adult Literacy Survey (IALS), initiated in 1994 by seven governments and three intergovernmental organizations, tested large samples of adults in 12 industrial countries.
They use the International Adult Literacy Survey, which tested 16-65-year-olds in the mid-1990s, to estimate the skills of people in 14 countries entering the workforce at different times between 1960 and 1995.
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The National Literacy Trust survey of about 18, 000 school children suggests youngsters are more likely to read text messages and emails than fiction.
According to the International Adult Literacy and Skills Survey (IALSS, 2003), the proportion of Aboriginal and migrant people with lower literacy skills is generally higher than other cultural groups.
The 2008 Functional Literacy, Education, and Mass Media Survey (FLEMMS) indicated the functional literacy among persons ages 10 to 64 was 88.7 per cent for girls and women and 84.2 per cent for boys and men.
In the United States alone, the Report quotes an OECD survey showing one in five adults scored the lowest level in literacy and one in four in numeracy.
And based on this sample, the survey projected that 1.4 million people believed they had missed promotion because of weaknesses with literacy and numeracy.
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According to recent reports, the Nepal Living Standards Survey 2010-2011 (NLSS- III) has found out that Nepal has an adult literacy rate of 56.6 percent with a huge variation between men and women .
The latest Programme for International Student Assessment survey, in 2009, showed the UK had slipped to joint 23rd place in a global assessment of literacy, he said.
Given the low rate of literacy in the country, estimated at only 56.6 per cent in 2011 according to the Nepal Living Standards Survey, radio is the No. 1 source of information for Nepalese.
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