A recent survey revealed that 92% of Spaniards believe that financial education should be compulsory in schools. This finding is part of the 10th anniversary of Financial Education Day, which is celebrated on October 7. Most respondents consider it crucial that topics such as mortgages, credit, inflation and pension plans be included in basic education.

The study also highlights a worrying lack of understanding among consumers. 65% of respondents have accepted bank conditions without fully understanding them. Of these, 45% admit to having read and accepted them without fully understanding them, while 20% do not even review them. This has led to 22% not knowing how many commissions they pay or the possible increases applied by their bank.

In addition, there is an intergenerational consensus on the need for financial education, especially among young people aged 18 to 30, where 94% consider it a priority to learn about finances from school. This approach is essential to foster a more informed citizenry capable of managing its resources effectively.

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