CUTTING-EDGE RESEARCH WITH SOCIAL IMPACT ON HOUSEHOLD SAVINGS AND FINANCIAL PLANNING
The Family Savings Observatory is a joint initiative of the Fundación Mutualidad Abogacía and the IE Foundation, which was created with the aim of carrying out pioneering research with a social impact in areas related to household savings and investment (motivations and barriers, behavioural biases, financial education, chosen savings instruments, best practices in different countries, micro and macroeconomic consequences of savings distribution, household consumption vs. savings, financial investment vs. investment in household property, family finances, etc.) It is intended to provide a solid knowledge base and disaggregated indicators on household savings, which will enrich the debate on ways to raise society's awareness of the importance of promoting a savings culture; to provide institutions with knowledge of value and instruments so that they can take the necessary steps to encourage patterns of behaviour that incorporate savings as a common practice among families; and to inspire the design of economic, fiscal and monetary policies in this regard.
HELPING TO PROMOTE THE CULTURE OF SAVING IN SOCIETY
Household savings are a fundamental part of the economy and society, since on the one hand, through financial intermediaries, they are channelled towards business investment, impacting on the growth of industries, the generation of R&D, and the creation of jobs; and on the other, they allow families to compensate for the differences between income and expenditure that are common throughout the life cycle of individuals, so that they can better cope with stages such as retirement and children's education, or unforeseen events.