“More and more inclined to save. And of 5.000 billions of euros the value of the financial portfolio of Italians (given to the third quarter 2021). Grew up by the 25,5% in real terms over the past decade, of 5,9% compared to 2020. The propensity to save, which was equal to 8.1% of disposable income in 2019, increased to 15,6% in 2020 and today it is equal to 13,1%. Pandemic and winds of war have reinvigorated the inclination to save of the Italians. Many private resources are therefore available to restart investments, of which a significant portion is in liquid form, stops on bank accounts. Household liquidity and deposits have boomed over the decade (+32,1%) and a growth of 3,7% in the last year compared to 2020, flying over the 1.600 billion euros."
These are some of the results of the Report «Invest more, invest in the real economy " realized by Censis in collaborazione con Assogestioni, the Italian Association of Asset Management, presented on 12 last May in the closing conference of Salone del Risparmio which was held in Milan from 11 to 12 May.
Fabio Galli, General Manager of Assogestioni, and Giorgio De Rita, General Secretary Censis, presented unpublished data on the relationship of savers with the investment and on the various factors that influence savings and use of their resources, on “hidden skills” on which to leverage, as well as on the myths to dispel, which have a negative impact on the savings approach.
What are the intentions of savers with respect to their precautionary cash?
We can distinguish four groups of savers with as many different propensities.
- The 21,5% he is afraid, ready to expand the current amount of liquidity, even at the expense of other forms of savings.
- The 30,8% he is cautious, that is, it wants to preserve its cash quota without penalizing other forms of savings.
- The 36,4% is a moderate investor, ready to invest at least part of the accumulated cash.
- The most daring savers are 11.3%: solid from a financial point of view, accustomed to equity investments, they are now inclined to invest part of their resources in high-risk financial assets with high potential returns.
Alex Gaetani
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