Determinants of household savings: Financial education as the protagonist

Determinants of household savings: Financial education as the protagonist


This research aims to explore the factors that influence the saving behavior of households

Two consecutive crises in little more than a decade have highlighted the importance of precautionary savings in households as a protection mechanism against adverse and unforeseen situations such as job loss. On the other hand, the progressive aging of the population and the high deficits and public debt of many of the developed economies, question the adequacy of public pension systems and point to the need to promote pension savings for citizens. From this perspective, the concern of society and institutions for saving is evident, especially in an environment of low interest rates that has lasted for more than a decade.

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Financial literacy


Laura Núñez-Letamendia, PhD.

Ana Cristina Silva, PhD

Patricia Sánchez Ruiz

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