{
  "id": 13861446,
  "title": "From stamps to cryptos: what do citizens know about the financial products they buy?",
  "url": "https://urgent.news/2026/10/12/de-los-sellos-a-las-criptos-que-saben-los-ciudadanos-de-los-productos",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T03:30:01.000Z",
  "source": {
    "name": "El Pais Economia",
    "slug": "el-pais-economia",
    "url": "https://elpais.com/economia/2026-10-12/de-los-sellos-a-las-criptos-que-saben-los-ciudadanos-de-los-productos-financieros-que-compran.html"
  },
  "original_language": "es",
  "account": "In Spain, many people have lost money by investing in financial products they didn't fully understand. In 2006, Laura Salgado invested €60,000 in Afinsa, a company that promised high returns through stamp sales, on the advice of a relative who worked in a tax consultancy. The scheme collapsed, and Salgado recovered only a fraction of her money. Around the same time, Antonio López took out a multi-currency mortgage in yen, which became more expensive when the Japanese currency rose in value in 2008.\nThe Banco de España and the Comisión Nacional del Mercado de Valores (CNMV) have since made efforts to promote financial education, launching a Plan de Educación Financiera in 2008. The plan has been renewed, with €3.6 million budgeted for 2022-2025.\nMiguel García and Jordi Guirao are other examples of people who lost money by investing in products they didn't understand, including preferentes and memecoins.",
  "summary": "Las estafas, las inversiones fallidas y las espirales de endeudamiento ponen a prueba la educación financiera de cada generación",
  "key_points": [],
  "editors_take": "The persistent gap in financial literacy leaves Spanish investors vulnerable to high-risk products, as trust in personal recommendations continues to override the fundamental need for understanding complex market risks.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "El Pais",
        "title": "From stamps to cryptos: what do citizens know about the financial products they buy?",
        "url": "https://urgent.news/2026/10/12/de-los-sellos-a-las-criptos-que-saben-los-ciudadanos-de-los-productos-13869796",
        "published": "2026-10-12T03:30:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}