The Limited Times

Now you can see non-English news...

Istat, inflation eats away at family wealth, -12% in 2022 - News

2024-01-29T11:49:10.981Z

Highlights: At the end of 2022, the net wealth of Italian families amounted to 10,421 billion euros. Compared to 2021, it decreased by 1.7% in nominal terms, but due to inflation, the decline in real terms, using the consumer price index as a deflator, was much more marked and equal to -12, 5%. Net wealth also fell in relation to disposable income, from 8.7 to 8.1, "reaching the highest level low in the period of investigation of this publication" (2005-2022)


Note with Bank of Italy, net compared to income at the lowest level since 2005 (ANSA)


At the end of 2022, the net wealth of Italian families amounted to 10,421 billion euros.

Compared to 2021, it decreased by 1.7% in nominal terms, but due to inflation, the decline in real terms, using the consumer price index as a deflator, was much more marked and equal to -12, 5%.

This is stated in the Note from Istat and the Bank of Italy on the "wealth of the main institutional sectors 2005-2022", highlighting that net wealth also fell in relation to disposable income, from 8.7 to 8.1, "reaching the highest level low in the period of investigation of this publication" (2005-2022).

Net wealth is given by the difference between gross wealth (financial and non-financial assets) and financial liabilities.

Reproduction reserved © Copyright ANSA

Source: ansa

All life articles on 2024-01-29

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.