Since the 1990s, the savings ratio of Italian households has decreased from 25% to 5% of their income, reflecting stagnation in real incomes caused by increasing consumer prices and the country's declining economic growth and productivity. Italian households, consistent with their European counterparts, predominantly allocate their wealth to real estate, which constitutes 70% of their total assets. While other physical assets (such as gold and jewelry) make for an average of 10%, the remaining 20% is made up of financial investments, principally deposits and liquid assets, with a few shares. These are some of the key findings from the book "Families and Savings - How Italians' Financial Choices Are Changing", edited by Luigi Guiso and published in collaboration with the Centre for Economic Policy Research (CEPR).