Evolution of savings in Italy: generations compared
In recent years, the way in which Italians manage their savings has undergone significant changes. According to a study conducted by Acri in collaboration with Ipsos, an interesting picture emerges that highlights the differences between generations. While Boomers and Gen X tend to save for unexpected expenses, younger people, such as Millennials and Gen Z, focus more on life experiences, such as travel
and leisure.
The motivations behind saving
Savings are seen by many Italians as a means to guarantee serenity and economic stability. In fact, 38% of respondents associate savings with a feeling of peace of mind, while 17% consider it a form of protection. However, 26% of Italians perceive savings as a sacrifice, although this percentage is slightly lower compared to the previous year. Economic stability is a central issue, with 54% of families able to save without particular anxiety or sacrifices
.
Generations compared: Boomers vs Millennials
The differences between generations are obvious. Boomers tend to save for the unexpected, with 61% focusing on medical expenses and 50% on uncertain situations. On the contrary, Millennials and Gen Z see savings as an opportunity to invest in their future and to enjoy the present. 28% of Gen Z and 29% of Millennials save mainly for travel and leisure, highlighting a more present-oriented approach than previous generations
.
The current economic environment and its implications
The current macroeconomic environment plays a crucial role in savings habits. With inflation continuing to affect daily expenses, 17% of Italian families are in poverty or survival, despite their work. Expenses on essential goods are on the rise, while those on recreational activities are falling. This scenario has led to a greater focus on savings, with 76% of families able to face unexpected expenses of one thousand euros
.
In summary, savings in Italy are evolving, with significant differences between generations. While older people focus on safety and security, young people are more likely to invest in the present and in their future. These dynamics reflect not only individual aspirations, but also the economic challenges that the country is facing
.