Understanding Individual Preferences for Saving vs. Investing: The Role of Personality and Demographics

Understanding the psychological and demographic determinants of individual financial behavior is increasingly important in a context where individuals are required to make complex financial decisions.This study investigates the factors that influence preferences between saving and investing, with a focus on personality traits, emotional reactivity, and social engagement, alongside traditional socio-demographic variables.Based on a nationally representative sample of 953 Romanian adults, we employ an ordered logistic regression model to analyze the impact of these variables on self-reported financial allocation