Spanish households underinvest in stocks, impacting financial well-being and future wealth.
The study looked at how people in Spain choose to invest their money, especially when it comes to owning a house. They found that most households don't invest enough in stocks and bank deposits. However, they do invest the right amount in mortgages. The researchers used data from Spanish households to compare what people should invest in with what they actually do. They found that differences in investment choices are influenced by factors like age, education, and income.