The conclusion comes from the study of financial knowledge related to the Portuguese capital market, which is the CMVM initiative supported by the Directorate General for Supporting Structural Reform of the European Commission.
More than 60% of the Portuguese population has never invested, and only 28% of Portuguese are considered investors.
This is one of the conclusions of a financial knowledge study on the Portuguese capital market released on Tuesday, which is a CMVM initiative supported by the Directorate-General for Supporting Structural Reform of the European Commission.
The study also concluded that almost a quarter of Portuguese “do not read contract documents because they trust financial advisers or bank employees [13%] Or why they don’t think they are important [11%]”, according to the CMVM statement regarding the research conclusions.
According to the same study, in the past 12 months, more than one-third of respondents did not save, and Portugal’s savings percentage (7%) is still lower than the EU average (nearly 12%).
The main results of the research were presented today at the “Portuguese Capital Market Literacy: Diagnosis and Challenges” seminar at the 30th anniversary of CMVM.
The study involved 15,173 individuals and was conducted from 2020 to early 2021 in the context of the pandemic.