According to the recent report of the Consob “financial know-how, attitudes and investments of Italian families“, in line with the findings of previous years, the financial culture of Italian families is very limited confirmation:
The 30 percent of Italians are unable to properly explain what a stock or mutual fund, the 21% of respondents did not know any of the basics (inflation, report risk / reward, diversificazione, mortgage features, compound interest) and advanced concepts (refer to bonds).
With reference to the so-called risk literacy, ie the ability to recognize in theory the level of risk associated with financial products, the 50% of individuals with the actions as the most risky products, associating a higher volatility, greater liquidity risk and a greater risk of loss of principal and, in 70% cases about, the possibility that this form of discomfort and concern food investment.
With reference to a hypothetical investment choice, real estate activities are often preferred to financial lending, regardless of the time horizon and the performance targets; the 40% of respondents also not able to locate suitable investment option to none of the scenarios.
Here then is a new tool to orientate in money management and financial choices that has been completely renovated, The economy for all, the new portal Financial Education of the Bank of Italy, that arises in a natural continuity with the National Portal What matters, and that will appeal to all: youth and adults, students and teachers.
From the use of payment cards to borrowing decisions, savings or investment, The economy for all aims to help people make more informed and prevent the most common errors in managing their budget choices.
The invitation is therefore, going to surf the portal maybe starting from the vision of the video series “Eye choices” and “The behavioral traps” and continue to follow the story in episodes that are periodically published. But also to find, news, video, computers, games and infographics useful to have more fun and practical at the same time a learning experience.
Alex Gaetani