Italians are changing the way they save. In 2025, stocks have surpassed cash in value, while other investment vehicles continue to grow. Fabi’s annual report shows that the traditional tendency of families to accumulate money in the current account is, however, still a pillar of savings.
However, other investment methods are being added. Insurance policies play a very important role, but government bonds are also increasingly attractive. From a liability perspective, loans are reduced.
Italians are saving more and more
In 2025, Italians accumulated financial savings, therefore in accounts or in shares, securities and other similar instruments, for 6,487 billion euros. This is approximately just over 110 thousand euros for each inhabitant. This is what emerges from the report by Fabi, the Autonomous Federation of Italian Bankers. Fabi’s general secretary, Lando Maria Sileoni, explained:
Italian families continue to represent one of the main factors of economic stability in the country. In five years they increased their financial wealth by over 1,600 billion euros, reaching levels never recorded before. It is a heritage built over time, the result of work, the ability to plan for the future and a culture of saving that continues to represent one of the most solid characteristics of Italy
The stability factor cited by Sileoni can be understood if we compare private wealth with public debt. The money that our state owes to creditors is worth 3,160 billion, less than half of private savings.
Where Italians keep their savings
In 2025, a trend that has been established since 2023 is confirmed: Italians prefer shares to liquidity. In fact, if we divide the almost 6,500 billion of families’ financial assets by the methods with which it is accumulated, we obtain:
- stocks, 32%;
- current accounts and deposits, 24.7%;
- insurance policies, 18.1%;
- mutual funds, 13.9%;
- bonds, including government bonds, 8.1%, almost all long-term;
- other instruments, 3.2%.
As Fabi also underlines, liquidity remains a fundamental tool for Italians, who have not given up on keeping a very high percentage of their financial assets in current accounts, so that it is immediately available.
How saving is changing in Italy
Compared to the past, however, there is a greater tendency towards investment. Between 2020 and 2025, Italians used the savings tools available to them in very different ways:
- the shares grew by 113%, with 1.1 billion euros more;
- bonds grew by 111%, with an increase of 275 billion euros;
- deposits in current accounts increased by 45 billion euros, only 3% more.
So a change is underway, which may have been driven by inflation. After the Covid-19 pandemic, prices and interest rates increased, making investments, even the simplest ones, necessary on the one hand to combat the erosion of savings, and on the other more convenient.
It is therefore not certain that the change is cultural and that, therefore, Italian families have definitively changed their attitude to leaving savings in the current account. In fact, it could be opportunism, given the opportunities that these years of great inflation have offered.
