{"id":54471,"date":"2023-06-21T17:38:40","date_gmt":"2023-06-21T15:38:40","guid":{"rendered":"https:\/\/www.gltfoundation.com\/?page_id=54471"},"modified":"2023-09-27T10:55:06","modified_gmt":"2023-09-27T08:55:06","slug":"infe-ocse-financial-education-in-italy-2021","status":"publish","type":"page","link":"https:\/\/www.gltfoundation.com\/en\/credits-en\/infe-ocse-financial-education-in-italy-2021\/","title":{"rendered":"INFE\/OCSE Financial Education in Italy, 2021"},"content":{"rendered":"\r\n
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18\/01\/2021 RESOLUTION ON FINANCIAL LITERACY IN ITALY<\/h3>\r\n <\/div>\n <\/div>\n\n
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Thematic notes of the interventions:<\/em><\/h4>\n

Pier Paolo Beretta \u2013 Undersecretary of the Ministry of Economy and Finance<\/b><\/h3>\n
    \n
  • Levels of financial literacy in Italy is still low, especially compared to other OECD countries<\/li>\n
  • Difference in levels including gender<\/li>\n
  • Measures on youth and gender equality should be kept in mind<\/li>\n
  • Adequate levels of financial knowledge are necessary for social and economic development<\/li>\n
  • Direct correlation between financial knowledge and resilience<\/li>\n
  • COVID emergency puts us to the test \u2013 we are all more exposed to the consequences, especially the economic and financial ones<\/li>\n
  • COVID has had a very strong impact on Italian poverty\n
      \n
    • 105% increase in new people requesting assistance<\/li>\n
    • Increase in inequalities<\/li>\n
    • Increase in personal savings \u2013 accumulation that exceeds the norm which if it were to prolong presents a risk<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

       <\/p>\n

      Financial education should be treated like our health<\/b>.<\/em><\/p>\n

      Prof. Annamaria Lusardi \u2013 director of the Ministerial Committee for the planning and coordination of financial education activities<\/b><\/h3>\n
        \n
      • Social initiatives have shown us the power of schools that transform young people into financial champions<\/li>\n
      • Experimenting with new projects<\/li>\n
      • Monitor the objectives and results achieved<\/li>\n
      • ESG issues are even more important today<\/li>\n
      • We need to talk about equity for social development<\/li>\n
      • The pandemic is changing the world around us but is underlining the importance of financial literacy<\/li>\n<\/ul>\n

         <\/p>\n

        Similarity of the effects between a disease and low levels of financial knowledge, because it affects the poorest and most exposed<\/b>.<\/em><\/p>\n

        Chiara Monticone \u2013 Senior Analyst OECD<\/b><\/h3>\n
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        • \n
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          • National strategies for financial literacy<\/strong>
            \n\u00ba Data, analysis, mapping
            \n\u00ba Coordination and governance
            \n\u00ba Independence, skills, personal capacity, resources and possibly executive powers
            \n\u00ba Appropriate and sustainable resources
            \n\u00ba Role of public, private and non-profit entities
            \n\u00ba Monitoring and evaluation of the strategy with respect to the set objectives<\/li>\n<\/ul>\n
              \n
            • Financial literacy and the various sectors of the financial landscape<\/strong><\/li>\n<\/ul>\n
                \n
              • Effective implementation of financial literacy programs<\/strong>
                \n\u00ba Competence guidelines
                \n\u00ba Capacity of recipients
                \n\u00ba Start on a small scale
                \n\u00ba Sensitive moments
                \n\u00ba Enrich financial knowledge but above all encourage changes in behavior and attitudes
                \n\u00ba Take into account the psychological biases and real behavior of people
                \n\u00ba Evaluate the impact and effectiveness<\/li>\n<\/ul>\n
                  \n
                • Start of a new process<\/strong>
                  \n\u00ba Political commitment of implementation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                   <\/p>\n

                  The costs of inaction and ignorance are very high.<\/em><\/p>\n<\/div>\r\n <\/div>\n <\/div>\n\n <\/div>\n\n \n <\/div>\r\n \r\n <\/div>\r\n \r\n <\/div>\r\n<\/section>\r\n\r\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"parent":54454,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[],"class_list":["post-54471","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nINFE\/OCSE Financial Education in Italy, 2021 - GLT Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gltfoundation.com\/en\/credits-en\/infe-ocse-financial-education-in-italy-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INFE\/OCSE Financial Education in Italy, 2021 - 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