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The amount of public debt held by families and businesses is growing.
This is what the study tells us FABI Autonomous Federation of Italian Banks that, with its over 108 thousand members and its 98 territorial offices is the most representative banking union in Italy.
The data reported in the research tell us that the growth of family wealth in the Bel Paese has come to an end 2023 a 5.216 billion €.
Less money in current accounts but more subscriptions of BTPs and bonds by Italian families.
Sileon (President FABI): “The financial wealth of families is equivalent to two and a half times the Italian GDP and corresponds to almost double our public debt”.
The financially excluded
The financially excluded are left out of this type of research. The latest survey on household budgets by Bank of Italy (data to 2020) indicates that the 4,4% of families do not have a current account, nor a deposit/postal account (1,1 million households corresponding to approximately 2,3 millions of people).
Financial inequalities
In the Bel Paese, while the billionaires increase, between 2021 and 2022 there has been an almost halving of the share of wealth held by 20% poorer (passed by 0,51% to 0,27%). Inequalities continue to increase in Italy too with approx 5,6 millions of people in absolute poverty.
Alex Gaetani
Sources:
Survey on the budgets of Italian families
Here you will find a photograph of wealth and the rich in Italy (payment link), through the recognition of the main sources (Mayor, Bank of Italy and Revenue Agency) and nearly thirty interviews with the super-rich in the book byGiulio Marcon.
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