Eighth Monthly Report by ANIA and UniNa: Financial Literacy and Its Impact on Italian Consumer Behavior

This report is based on data from the Italian Survey on Consumer Expectations (ISCE) conducted between October 2023 and October 2024. It examines financial literacy levels in Italy, assessing consumers' understanding of key concepts such as interest rates, inflation, and diversification, and their impact on savings, investments, and financial planning.

The findings of the survey indicate that in Italy, only one-third of the population correctly understands basic financial concepts, posing a significant limitation on their ability to independently manage financial resources and effectively plan for the future. The data reveal that the level of financial literacy varies based on individual socioeconomic characteristics, being higher among men than women—reflecting the greater role men tend to have in household financial decision-making—and increasing with age, education level, and income. Additionally, individuals with higher financial literacy are more likely to use sophisticated financial products or subscribe to insurance policies and supplementary pension plans.

For detailed information on methodology, content, definitions, and the survey sample, please refer to the Methodological Appendix.

• Further insights on the data presented and additional statistical information not included in the report can be found in the Statistical Appendix.

Any questions regarding the data in this publication may be directed via email to grins_spoke3@ania.it.

The information contained in these publications may be used and distributed with appropriate citation of the source. ANIA and UniNa bear no responsibility for any misinterpretation or incorrect conclusions drawn from the information provided.