Italians do not invest, they are mainly young people

Most Italians, especially young people, do not invest their savings in stocks, funds or financial products. 60.8% do not and the percentage rises to 70.9% in the age group between 25 and 34 years. Not investing are mainly women (66.9%) compared to men (54.1%). On the contrary, among the 39.2% of those who have invested savings, it is mainly the over 65s (47.7%) who do so. This is what emerges from the 1st report ‘Italians: savings and investment’ carried out by Euromedia Research and Banca Mediolanum. There are several reasons for not investing: most of the people, 22.2%, explain that they have no money available. The percentages linked to other reasons are much lower: for 6.4% it is complex and risky, for 5.8% it is better to have liquidity ready for emergencies, for 4.4% it is not very convenient and unsafe. The same percentage for those who do not trust banks, while 4.1% admit they do not know enough about the subject. The fear of a crisis that could eliminate savings affects 3.8% of Italians, while that for possible scams is equal to 2.3%. As for the percentages linked to those who invest, according to the report, 10.6% do so. because it considers the operation an insurance for the future. 10.1% think that keeping money in their checking account is too expensive and leads to capital losses, while for 9.7% it is a way to increase their holdings. Finally, 4.6% do it to protect the future of their children, while 3.3% fear a patrimonial, with a forced withdrawal on current accounts to heal the situation in the country. If the 60.8% of Italians who do not have investments are asked to say where they would do it if they had a capital, 14.6% would do it in real estate, while 8.7% in postal savings bonds and 5.2% on deposit. Very low percentages of those who would do it in Pir (2.6%), in gold, diamonds or oil (1.8%) and almost nothing with Forex (0.1%). Then there is a 1% who would invest in cryptocurrencies.