Written By: Alessandro Bucciol and Luca Zarri
We use data from a Dutch data set, the DNB Household Survey, annually covering the period 19962015, to
study the relationship between informal parental saving education received when people were children or
adolescents and two variables aimed to capture adult individuals’ concerns for their future: planning horizon
and future orientation. Our results indicate that the general future orientation positively correlates with informal
saving education, and in particular having received financial teachings. Our findings also suggest that the future
orientation index is rather stable over time (which is not trivial, especially because our dataset covers two full
business cycles) and declines with age following the life-cycle.