Property News | The challenge of saving for new generations according to Acri (Report) | MonitorImmobiliare

Conscious choice, education, responsibility. These three concepts are the focus of the savings challenge for a new generation, according to the Association of Banking and Savings Representatives (ACRI), which organized an event inRome to mark the 99th International Savings Day.

This was the last meeting as governor of the Bank of Italy for Iñazio Visco, who has finished his second term. During the event, a study, conducted jointly with Ipsos between September 22 and October 7, was presented on how Italians manage and live their savings, taking into account the socio-economic situation in the country and their personal circumstances: standard of living, attitude and willingness to save and invest,''consumer behavior.

According to the study, there is some cautious optimism in 2023, following the intense anxiety last year due to the conflict in Ukraine. The situation is perceived to be less complex, allowing for greater peace of mind.

The study found a slight improvement in the living standards of families, which are returning to pre-pandemic levels: the number of families is decreasing compared to 2022, and the dissatisfaction rate is also decreasing (from 17% to 14%). However, in terms of the overall situation in''control, which negatively affects riskier instruments.

Young people complain of low financial literacy, limited managerial autonomy and have a strong interest in learning more about a topic in depth. That's why, ACRI says, the problem is cultural and educational, as they strive for autonomy that they achieve only late and with difficulty.

In this uncertain situation, confidence in the European Union and the euro has been weakened by the European Central Bank's interest rate policy to fight inflation: it has created hardship for many families and businesses who have found themselves having to pay higher interest rates on mortgages, loans and credit.

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