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Archive » February 2020 » Financial planning and Saving behavior of Italian households

Financial planning and Saving behavior of Italian households

Nadia Linciano, Paola Soccorso
February 2020 - n. 2
Keywords: Pianificazione finanziaria, Famiglie, Risparmiatori
Jel codes: D11, D14, I22

Although saving can be considered a consolidated attitude of the most part of Italian households, financial planning is still not widespread. Low levels of financial knowledge hamper the correct management of personal finances. Financial education is therefore key. However, given that «knowing» is not enough as «knowing how to do» is needed, it is important to deliver not only notions but also easy-to-apply rules of thumb and best practices that gradually prompt virtuous habits.

 

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