The financial education I want. The FEduF conference

What was said at the presentation of the FEduF financial education paper. The works of the students of the Political School were also presented

The presentation of the FEduF financial education document, the Foundation for Financial Education and Savings, took place yesterday afternoon in the Stables of the Palazzo Altieri in Rome. Chaired by Stefano Lucchini, the foundation coordinated the presentation of the works of the participants in the Political School “Living in community”.

THE IMPORTANCE OF GOOD FINANCIAL EDUCATION

How to learn to manage savings? What is the level of risk of an investment? And which payment tool best suits our needs? We have commented on these questions and tried to give some concrete answers through the speakers and the final works of the participants in the Political School.

Because having a good financial education allows us to perform better as citizens of society. But literacy on this front is still low. And that is why the Foundation’s commitment is to enter the compulsory schooling training cycle.

THE OBJECTIVES OF THE POLITICAL SCHOOL

“One of the objectives we imagined with this initiative was to put young people in contact with stakeholders. Our goal is to keep in touch with the participants of the political school, “said Marcello Presicci, co-founder of the Political School Living in the Community yesterday during the presentation at the Stables of the Palazzo Altieri.

Creating this link, on the other hand, is one of the key ways to improve a starting position far from excellence. According to the Bank of Italy Survey on the Literacy and Financial Skills of Italians (IACOFI), in the second edition, the average level of financial education, in 2020, is equal to 11.2, on a scale that goes from 1 to 21 (online). with the value recorded in 2017).

YOUNG PEOPLE’S SENSITIVITY TO MONEY

“The wealth of Italians lies in the current account, which is not a tool to manage savings. Dealing with money is complex and anxious, keeping your savings in the bank is like having an anxiolytic. Financial education is crucial “- said Giovanna Boggio Robutti.

According to the director of the Foundation for Financial Education and Savings, “we want to understand their sensitivity to money with young people, we want to grasp the keys to listening to facilitate dialogue.”

THE SHARED VALUES OF FINANCIAL EDUCATION

To moderate the presentation of the papers of the Political School was Michele Guerriero, editorial director of Home Magazine. “The shared value that generates greater financial education is another pillar of citizenship. This can be conceived as a new citizenship, it is one of the issues to be introduced in the education of students and the general public. A good financial education – said Guerriero – can guarantee that this one becomes sustainable also thanks to the technological tools, avoids the social exclusion as they demonstrate the projects that we analyze today with the Political School “.

HOW TO DEFINE FINANCIAL EDUCATION

Alessandra Staderini, deputy head of the Bank of Italy’s Financial Education Service, commented on some of the papers presented. “Children have adopted a broad definition of financial education. It means that for them the subject is an opportunity for general learning of the economic system,” he said.

“In addition to technological progress and digitalisation, there is talk of sustainability in both finance and development. This shows that the contents are evolving rapidly ”.

THE CHALLENGES

Finally, commenting with a reference to the challenges of the sector, for Staderini some attempts used by the participants of the School to “involve people, find the right and diverse tools” were interesting. These include payroll infographics or American television series. In short, investing in training leads in a short time to concrete ideas for a good financial education.

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