This study analyses the financial fragility of individuals in Europe. Using data from a 2015 survey with more than 1,000 observations, both the excess of borrowing related with the over-indebtedness phenomena and the lack of funds for "rainy days" are analyzed in order to investigate the presence of specific groups within the population that are more likely to sink into a financially fragile status as a result of struggling with their finances. The role of financial literacy in explaining such phenomena is taken into account.
I am an Associate Professor of Finance from the University of Rome (Italy) and my main research interests are on consumer finance, financial literacy, and financial education.
