Thanks to CDP and FEduF 6,000 young adults will benefit from financial education awareness

Thanks to CDP and FEduF 6,000 young adults will benefit from financial education awareness

Spreading financial education awareness among young people. A promising path, starting with schools, to provide early education to young people to improve their ability to make effective financial decisions later on in adulthood. This is the objective that led Cassa Depositi e Prestiti to join forces with the Foundation for Financial Education and Savings (FEduF), a choice that also saw the launch of countrywide hybrid training activities where, some students and teachers attend in-person while others are simultaneously remote through "live" streaming.

The collaboration between CDP and FEduF, an entity set up by the Italian Banking Association (ABI) to specifically boost financial literacy, sees the organisation of lectures in schools, events for students and the development of a Transversal Skills and Orientation Path (PCTO - formerly school-to-work alternatives) with meetings held at CDP headquarters. The main themes are civic and economic citizenship education, with a particular emphasis on savings, planning and financial markets.

So far, more than 1,000 secondary school girls and boys in the suburban areas of Rome, Naples and Milan have been involved, and the plan of initiatives aims to reach 6,000 students and teachers in different parts of Italy by the end of the year.

Kicking off the collaboration was an event held at the Scuderie di Palazzo Altieri to which 150 people took part from Lazio high schools to raise awareness among students about the importance of saving and the behaviours of economic choices, highlighting some cognitive pitfalls into which it is easy to fall and illustrating concepts of financial education through paths of logic and behavioral psychology.