Italy proposes state-funded retirement savings accounts for newborns
Italy is considering a scheme that would open a retirement savings account for every newborn, with an initial government contribution.
A new policy proposal in Italy aims to establish a retirement savings booklet for each child from birth, potentially funded through the 2027 budget. The plan calls for an initial state contribution to kick-start the account, after which parents and relatives may make voluntary deposits. As the account holder reaches working age, they would be able to add further savings, and the government is also weighing a regular monthly contribution to the fund.
The initiative seeks to address Italy's ageing demographic by encouraging long-term personal pension building from the earliest stage of life. Details on the exact contribution amounts remain under discussion, and the proposal is still under legislative review.
Why it matters
It could reshape Italy's pension system by fostering early savings to offset demographic pressures.
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