Türkiye’de Hanehalkı Portföy Tercihine Etki Eden Faktörler

: Savings are an important component of macroeconomic growth, and household savings have a significant share in total savings. The way of household savings evaluates consist of choices made from different saving tools. Although theoretically, the choice between financial instruments expected to be rationally preferred by-products that will generate the highest utility to households, savings are mostly shaped by socio-economic factors such as habits, education, and culture. Therefore, this study aims to determine which financial tools households choose for their saving and the socio-economic factors that affect this decision. The portfolio choice of households is analyzed by using a multinomial logit model through Household Budget Survey data for 2018. As a result of the analysis, the most important demographic characteristics that affect portfolio choice are marital status, attitude to risk, and education level, respectively. It is estimated that risk-taker household heads are 8.8 times more likely to prefer stocks and 2.2 times more likely to prefer bonds and bills.