FIND OUT ABOUT OUR RESEARCH

Neutrality, scientific rigour and practical relevance are our hallmarks.

Research

ADVANCING RESEARCH TO CONTRIBUTE TO SOCIETY

The Family Savings Observatory was created with the aim of carrying out cutting-edge research with a social impact in areas related to household savings and investment (motivations and barriers, behavioural biases, financial education, households’ portfolio choices, best practices in different countries, micro and macroeconomic consequences of savings distribution, household consumption vs. savings, financial vs real estate investments, household financial planning, etc.). It is intended to provide a solid knowledge base and disaggregated indicators on household savings, which will enrich the debate on the best economic policies (fiscal, monetary, etc.) to promote savings and ways to raise society's awareness of their importance.

PUBLICATIONS

THE FINANCES OF SPANISH DIGITAL NATIVES AND MILLENNIALS

The fifth report from the Family Savings Observatory explores the financial reality of digital natives and millennials, addressing the economic challenges both generations face upon entering the labor market. The study examines the level of financial literacy among the young adult population in Spain and explores the barriers in financial knowledge, practices, and attitudes that influence their savings and investment decisions

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SAVINGS, INVESTMENT, MACROECONOMICS, AND REGULATION RESEARCH STUDY

SUSTAINABLE INVESTMENT FOR ADDITIONAL PROFITABILITY

In this article, Marta Olba and Laura Núñez Letamendia delve into investment alternatives in a period of low-interest rates. One of the most profitable alternatives for investors is investing with ESG criteria (Environmental, Social, and Governance).

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SAVINGS, INVESTMENTS

FINANCIAL KNOWLEDGE AND HABITS OF THE ELDERLY POPULATION IN SPAIN

The fourth report from the Family Savings Observatory analyzes the habits, and perception of financial well-being among older adults in Spain, in order to better address the challenge posed by enjoying one of the longest life expectancies in the world. The Spanish population aged 55 to 64 is the most affected by financial stress, contrasting with the greater financial well-being of the retired population​

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SAVINGS, INVESTMENTS​

SUSTAINABLE INVESTMENT FOR ADDITIONAL PROFITABILITY

The financial crisis of 2008 highlighted the impact that the evolution of the real estate sector can have on financial stability. Subsequent developments seem to indicate that, in the near future, the risk of a financial crisis induced by this sector is indeed low.

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SAVINGS, INVESTMENTS

SAVINGS ALTERNATIVES TO START PREPARING OUR FINANCIAL PEACE IN RETIREMENT

The poor health of the public pension system and the long-life expectancy compel us to plan our savings as soon as possible to ensure a retirement that allows us to maintain a good quality of life. This article explores options such as Personal Pension Plans (PPP), Guaranteed Pension Plans (GPP) and Unit Linked plans.

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SAVINGS, INVESTMENTS

THE GENDER GAP IN FINANCIAL LITERACY

This third study, generated by the Family Savings Observatory, analyzes the difference in terms of financial education between women and men. According to the study, we conclude that less than half of the surveyed women (49%) answered the financial competence questions correctly, compared to 63% of men who did.

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SAVINGS, INVESTMENTS, FINANCIAL KNOWLEDGE

WHAT IS GDP? IS GROWING THE SAME AS PROSPERING?

The Gross Domestic Product (GDP) was proposed in the 1930s, during the Great Depression, by Simon Kuznets as a statistical indicator to reflect the production capacity of the United States at that time. In this article, Yolanda Durán, an affiliated researcher of the OAF, thoroughly explores what it is and its peculiarities.

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SAVINGS, INVESTMENTS, FINANCIAL KNOWLEDGE

DETERMINANTS OF HOUSEHOLD SAVINGS: FINANCIAL EDUCATION TAKES CENTER STAGE

This study delves into the variables that drive families to save, while also exploring how the crisis resulting from the Covid-19 pandemic has affected the savings of Spanish households and how this experience may influence the future behavior of families.

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SAVINGS, INVESTMENTS, FINANCIAL KNOWLEDGE, BEHAVIOUR AND BEHAVIOURAL BIASES

THE RESILIENCE/VULNERABILITY OF SPANISH HOUSEHOLDS IN THE FACE OF COVID-19, DISPARITIES IN THE DISTRIBUTION AND COMPOSITION OF SAVINGS IN THE EUROPEAN CONTEXT

A groundbreaking study that places Spain in the group of countries with the most vulnerable households in terms of financial savings.

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SAVINGS, INVESTMENTS, FINANCIAL KNOWLEDGE, BEHAVIOUR AND BEHAVIOURAL BIASES

DETERMINANTS OF THE BEHAVIOR OF THE SPANISH POPULATION REGARDING SAVING AND INVESTMENT

This report compiles information about current and/or potential investors and their attitudes and knowledge, data of great interest to financial institutions.

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SAVINGS, INVESTMENTS, FINANCIAL KNOWLEDGE, BEHAVIOUR AND BEHAVIOURAL BIASES

THE TRAINING OF ADVISORS IN THE FINANCIAL AND INSURANCE SECTOR: THE PATH TO FINANCIAL EDUCATION FOR THE CLIENT

The responsibility of entities begins with the proper training of their employees, as recognized by European regulations through MiFID II and IDD directives

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FINANCIAL KNOWLEDGE

FINANCIAL ILLITERACY, MOTIVATIONS AND BARRIERS TO SAVINGS AND INVESTING BY SPANISH HOUSEHOLDS

To obtain a basic understanding of financial concepts is a prerequisite for individuals to make informed decisions about their financial resources.

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FINANCIAL KNOWLEDGE, SAVINGS, INVESTMENTS, BEHAVIOUR BIASES

THE EFFECT OF FINANCIAL LITERACY ON TRUST: DO FINANCIALLY LITERATE INDIVIDUALS HAVE MORE TRUST IN THE FINANCIAL SYSTEM?

This study examines the effect of financial literacy on people's trust in the financial system as a whole, as well as in banking institutions

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FINANCIAL KNOWLEDGE

THE “GERMAN SAVER” AND THE LOW POLICY RATE ENVIRONMENT

This paper empirically analyzes how the low-interest-rate environment of the German economy has affected families, both on the savings and loan sides

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SAVINGS, INVESTMENT, MACROECONOMICS, POLICY, AND REGULATION

IT IS URGENT TO PROMOTE A RESPONSIBLE SAVINGS CULTURE IN SPAIN

Spaniards save during crises instead of doing so in times of prosperity. Fiscal and monetary policies promoting rational finances are needed.

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SAVINGS, INVESTMENT, MACROECONOMICS, AND REGULATION

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HOUSEHOLD SAVINGS AND INVESTMENT INDICATORS

The Household Savings Observatory will base its research activity on the collection and modelling of data with the aim of creating specific indicators on the distribution of savings. The construction of disaggregated savings indicators and their monitoring over time will generate a broader and more precise knowledge of this variable which is so relevant for the economy and society, helping to inform the decisions of financial institutions and authorities, and facilitating the design of strategies aimed at both increasing the general savings rate of the economy and, above all, improving its distribution among households in order to achieve a more prosperous and equal society. Shedding light on this subject will be our modest contribution to society.

Indicators to be published soon