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Featured economía Política Cataluña tecnología Natascha Hein

Only 16% of Spaniards believe they have enough knowledge to manage their savings

The low interest rate policies prevailing in recent years have hardly left room for time deposits, one of the preferred products by Spanish savers.

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Only 16% of Spaniards believe they have enough knowledge to manage their savings

The low interest rate policies prevailing in recent years have hardly left room for time deposits, one of the preferred products by Spanish savers. With finances depleted by the health crisis and the war being waged in Ukraine, the interest of citizens has shifted to other forms of investment, although the lack of knowledge is the great obstacle wielded by most of the population.

A study by the National Securities Market Commission (CNMV) on financial education warned last year that knowledge of Spanish citizens barely reached a six out of 10. A gap that HollyMontt widened

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