
An initiative promoted by Campus, FEduF and Abi to bridge the gap between social security concerns and poor financial planning among under 35s.
The Conscious Social Security Manifesto was presented, an initiative by Campus, FEduF and Abi created by students to promote financial and social security education among young people, combating the lack of participation in pension funds.
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Only one young person under 35 in five joins a pension fund in Italy. The phenomenon is known internationally as the 'Nerd Generation' due to the risk of never being able to retire.
Promote greater awareness of social security among new generations and spread knowledge of financial instruments useful for building their economic future. This is the objective of the Conscious Social Security Manifesto, promoted by Campus, which has been working with young people for over thirty years, FEduF - Foundation for Financial Education and Savings and Abi - Italian Banking Association. The idea was born from the students of the Living Politics School in the Community of Rome, who bring the point of view of the new generations on their social security future to the center of the discussion. A contribution that recognizes an active role for young people: not only recipients of financial education, but promoters of a shared reflection on social security as a competence of economic citizenship.
The Manifesto of Conscious Pension, which is divided into seven principles, awareness, responsibility, continuity, freedom of choice, equity between generations, inclusion, trust in the future, will be presented on November 17th at the Scuderie di Palazzo Altieri in Rome (via Santo Stefano del Cacco 1, 3.00 pm), during the conference "Social security as a competence of economic citizenship. Educating young people today on long-term choices to build the welfare of tomorrow". The meeting is part of the #Edufin program, the financial education path of the National Student and Prof Campus Exhibition, scheduled from 17 to 19 November at Fiera Roma. The Minister of Labor and Social Policies Marina Calderone was invited to participate in the conference.
The Conscious Social Security Manifesto will become a point of reference within all Student and Prof Salons and will be sent to all Italian schools, representing an opportunity to start a constructive dialogue with teachers and managers on the role of social security education in schools.
The initiative starts from the need to bridge the gap between young people's growing concern for their economic future and their lack of propensity to take action to guarantee an adequate pension. The data speaks clearly: among those under 35 only one in five joins a pension fund, while members under 20 represent just 3% (Covip). Yet, 6 out of 10 young Italians fear reaching retirement age without a satisfactory level of economic well-being (Global Gen Z and Millennial Survey, Deloitte). A widespread concern at an international level, so much so that it has given rise to the expression Generation Nerd (Never Ever Retiring Demographic), i.e. destined to never retire.
What is holding back the spread of social security culture is above all the lack of knowledge of the tools, economic instability and the belief that you still have a lot of time to take care of your retirement future. The Manifesto aims to intervene precisely on these aspects, bringing girls and boys closer to the issues of financial planning and the importance of starting to build their "future piggy bank" in time.
“Social security must become an understandable, accessible topic close to the language of the new generations, who have the right to understand how their choices work and what consequences they produce over time,” says Domenico Ioppolo, CEO of Campus. “For this reason, it is desirable that social security education becomes part of the school curriculum”.
"FEduF wants to be a hub for cohesion of young energies and forces, capable of facilitating dialogue between generations and creating concrete opportunities for discussion. Putting young people at the center means recognizing them not only as recipients of financial education, but as protagonists of a cultural change and approach, capable of contributing to building greater awareness about the future", underlines Giovanna Boggio Robutti, General Director of FEduF.
Many speakers will bring their experience to the conference and will engage with the young students of the Living in Community Political School. The work will be introduced by Antonio Patuelli, president of the Abi: followed by Claudia Ghinfanti, Alleanza Assicurazioni, Marcello Presicci, General Secretary of the “Living in the Community” Political School, Marco Luppi, Presidential Councilor with responsibility for work of the National Youth Council, Giovanna Boggio Robutti, General Director of FEduF, Valeria Vittimberga, General Director of INPS, Domenico Ioppolo, CEO of the Mario Stella Campus Richter, President of the Interbank Deposit Protection Fund. The final considerations were given by Roberto Sommella, director of MF Milano Finanza. Jole Saggese, deputy director of Adnkronos, will moderate the meeting.
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Presentation of the Manifesto on November 17th in Rome.
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