Young people's aspirations can influence their educational and occupational choices, affecting individual well-being and social mobility across generations. The paper analyses whether financial literacy contributes to steering young people's career aspirations, specifically analysing the interest in becoming an entrepreneur. The results are based on data from a survey on more than 5,000 individuals aged 18-34 conducted by the Bank of Italy in 2023.
Financial literacy is important in steering young people's career aspirations towards entrepreneurship: the higher the level of financial knowledge, the higher the propensity to start a business and the lower the uncertainty about a possible career as an entrepreneur.
