Spain | Financial health: the outstanding challenge

Summary

In Europe, despite practically universal financial inclusion, financial health indicators reveal much room for improvement. The key lies in offering education, incentives, and advice to create saving habits and promote informed decision-making.

Key points

• Key points:
• Globally, 79% of adults hold a formal account (Global Findex 2025), up from 62% in 2014, but inclusion alone does not guarantee sound financial health.
• Spain enjoys universal financial inclusion: 98% of adults have a bank account, 75% use online banking, and the country has one of Europe’s largest networks of physical access points.
• Nevertheless, only 19% of Spaniards achieve high scores in financial literacy, just 36% could cover expenses for more than six months if they lose their main source of income, and nearly half doubt they will have enough resources for retirement.
• Three action pillars are proposed: integrate financial education into the school curriculum from an early age, create incentives for systematic saving, and promote professional advice to support financial choices.

Geographies

Topics

Tags