ABSTRACT
This chapter analyzes financial literacy in Italy. Data from the 2015 Financial Literacy Survey of the Consumer Finance Research Center (CFCR) are used to assess financial literacy in Italy, concerning ten different areas of knowledge (e.g. payments, bank accounts, loans and debt, investments, retirement and planning, etc.). The financial literacy of the whole sample is initially addressed by descriptive statistics and correlation analysis. The second part is about the results of empirical analysis with the aim to investigate the relationship between individual financial literacy and some socio-demographic characteristics (e.g. age, gender, income, education, etc.). The big picture is about the average correct answers’ rate being equal to 47% (on 50 financial literacy questions). The areas of knowledge where the Italians performed at their best and worst are ‘bank accounts’ (74% of correct answers) and ‘bonds’ (26% of correct answers).
