The Bank of Italy has conducted two surveys on the financial literacy and competence of Italian adults (IACOFI), one in 2017 and the other in 2020, based on the methodology developed by the OECD's International Network on Financial Education (INFE). The INFE's methodology was used to assign a financial education score of between 1 and 21, which is the sum of three components: financial knowledge (0 to 7), behaviour (0 to 9) and attitudes (1 to 5). The responses of adults aged 18 to 79 were used to calculate the OECD score, although persons aged 80 and over were also interviewed.
The raw data have been distributed in anonymous form for research purposes. Users bear full and exclusive responsibility for the use of the data, for which the Bank of Italy accepts no responsibility. The data are available in ASCII (Comma Separated Values), SAS and Stata formats.