Published the new data on the wealth of Italian families.
In our country, the real wealth (the set of real assets held by an individual or a community, from real estate and land) is 5,5 times disposable income, with houses that count for 4,6 volte; financial wealth (all financial instruments in which it invests - titles, actions etc.) is 3,8 times disposable income.
The total gross wealth is thus about 9,3 times disposable income. Taking into account the liabilities, 80 per cent of disposable income, the total net household wealth is 8,5 times the income.
In the last twenty years, the financial portfolio of Italian families has become more similar to the average of advanced countries. In comparison with other countries, the debt of Italian households is the lowest.
The financial wealth of Italian households - held in the form of deposits, titles, shares listed and unlisted, mutual funds, tools insurance and private pension - is approximately 4.400 billion €; real assets, mostly real estate, are 6.300 billion;
deposits constitute the 31 percent of financial wealth and represent the main form of investment for families.
Actions now they make up 24 percent of household wealth, It includes both actions listed on both shares and unlisted investments, always been important in Italy, given the spread of small unlisted companies or non-equity capital, whose ownership is maintained by families who manage.
I fondi comuni weigh today for 12 percent of total household financial wealth.
Insurance and private pension instruments They are at the high of 23 percent of total financial wealth, by virtue of a constant growth, It began in the nineties, on the occasion of the first reforms of the public pension system.
The occasional paper is available online on the website of the Bank of Italy.
Enjoy the reading!
Alex Gaetani