Consumer Credit and Italian Families

Recourse to credit is connected to the attitude and in particular to the cognitive component that determines the decisional sphere of a subject. Also emotional and behavioural roots influence recourse to credit. . The countries of Europe present a different financial system, which reflects the fragmentation of the euro financial market. Therefore, there is a link between the financial markets of individual countries and the credit conditions in the sovereign debt markets. As well as, a deterioration of the financial sector at the national level could lead to an increase in sovereign risk. In turn, the psychological component of individuals, as well as the socio-cultural component, have a strong impulse on individuals' consumption credit choices. These elements are very evident in Italy, where families prefer consumer credit as a form of indebtedness, often to finance ephemeral goods