Journal of
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Archive » December 2024 » Savings as an individual and collective good

Savings as an individual and collective good

Sergio Mattarella
December 2024 - n. 12
Keywords: Risparmio, politiche sociali e monetarie, educazione finanziaria
Jel codes: E20, G10, H10, O10

In the seesaw of the resolution of individual and collective needs, the setting aside of resources has allowed families to face extraordinary, unpredictable, unforeseen situations and make medium-long term investments for housing, education, business start-ups, and other unpredictable needs. This is the fundamental social function of savings. The other is to feed credit, with the intermediation of banks, and to finance public debt. A stable and reliable economic and financial environment is needed. We need to nurture citizens' trust, with direct protections for savers and users of financial services. The role of banks and all intermediaries in meeting the challenges of innovation is essential. This is why financial education is crucial today: for the conscious and effective exercise of one of the rights of citizenship, increasing the inclusion and financial well-being of citizens.

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