In this episode we discuss financial fragility in European households in the time of COVID-19.
Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption.
Giuseppe is joined by Maria Demertzis, deputy director at Bruegel, and Anna Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence Center who have authored a paper published by Bruegel
on the topic
What did they find out, about how households finances have been impacted by the pandemic so far?
Maria Demertzis, Deputy Director, Bruegel
Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence Center
Giuseppe Porcaro, head of outreach and governance at Bruegel