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From postal passbooks to smartphones: Italy’s enduring culture of saving

By: We the Italians Editorial Staff

Saving has helped generations of Italians turn hard work into opportunity. From rebuilding communities after World War II to managing household budgets through smartphone apps, the habit has remained a thread connecting family life with national development. Today, that tradition is evolving, combining familiar priorities – security, independence, and support for children – with new financial tools.

Its institutional roots stretch back more than 150 years. Legislation establishing postal savings was approved in 1875, championed by Quintino Sella, and postal savings passbooks became available on January 1, 1876. Their purpose was practical and inclusive: give ordinary people an accessible place to accumulate money, bringing financial services within reach of workers, farmers, and families with modest incomes.

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