A New Approach to Financial Policies and Regulations
Edited by Riccardo Viale, Shabnam Mousavi, Barbara Alemanni and Umberto Filotto
Chapter 14: Investors’ inconsistencies and the need for better financial literacy
The 2017 edition of the ‘Survey on Italian Saving and Financial Choices’, carried out yearly by Centro Einaudi and Intesa Sanpaolo, reveals some inconsistencies in the attitude of Italian savers towards investment. First, while showing quite a low propensity to bear risk, very few people diversify their investments. Second, even if understanding the degree of risk inherent in different investment proposals is perceived as the single most difficult task that savers must afford, people do not devote time and effort to gain financial information. Although initiatives are already underway in Italy in the field of financial education, greater effort is probably needed. The good news is that respondents aged between 18 and 24 show comparatively higher financial competence: this could represent a promising indication for the future.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.