The complex economic and financial mechanisms are no longer left only to experts and analysts but also the property of middle and high school students. In fact, the very first steps for the introduction of the elements of financial education.
Basically, the aim is to include the teaching of fundamentals of finance, introducing among the topics covered by the teaching of civic education in the first and second cycle of education also that relating to financial education.
The declared objective is to allow Italy to align itself with the average of the other OECD countries, with consequent advantages for tomorrow's citizens in the understanding of risks and opportunities of financial products.
In fact, a research published by the Bank of Italy in 2018 entitled «Measuring the financial literacy of the adult population: the experience of Bank of Italy» has revealed a substantial gap between our country and the other States of the Organization for Economic Cooperation and Development (OECD) as regards the level of basic knowledge of issues related to personal finance, savings and investments.
According to the data reported, only 30 percent of subjects in Italy are equipped with one financial literacy, with huge gender, professional role and geographical distribution disparities, against the average of the other OECD countries which is 62 percent.
The proposal was positively evaluated by the Government, represented by the undersecretary for education Barbara Floridia: "It responds more satisfactorily to the need to direct the teaching of economic and financial education in schools to children of all ages", he remarked. And you added that the Technical-Scientific Committee will implement this teaching at the various levels of the school, adapting the processes of economic literacy to the different ages, educating the little ones in difference between value and price and later introducing the notions of bioeconomy and circular economy, with the aim of overcoming the waste economy and aiming for the recycling economy.
