Household Wealth in Italy in 2010Supplements to the Statistical Bulletin - Monetary and Financial Indicators

  • At the end of 2010 the gross wealth of Italian households was estimated at €9,525 billion, corresponding to just under an average of €400,000 per family. Real assets accounted for 62.2 per cent of gross wealth and financial assets for 37.8 per cent. Financial liabilities, which amounted to €887 billion, were equal to 9.3 per cent of total assets.
  • Between the end of 2009 and the end of 2010 total net wealth at current prices remained unchanged; at constant prices, deflated by the consumption deflator, it fell by 1.5 per cent over the last year. The aggregate peaked at the end of 2007 and has fallen by 3.2 per cent since then.
  • At the end of 2010, Italian household wealth in the form of housing was estimated at €4,950 billion. In nominal terms, housing wealth increased by 1 per cent compared with the end of 2009 (-0.5 per cent in real terms).
  • The 1.1 per cent increase in real assets was offset by an 0.8 per cent decrease in financial assets and a 4.2 per cent increase in liabilities.
  • At the end of 2010 about 35 per cent of all securities deposited at Italian banks by resident households were in the form of securities accounts with an overall value of less than €50,000; loans to households of between €30.000 and €75,000 made up around 20 per cent of the total while those of between €75,000 and €250,000 accounted for 56 per cent and the remaining 23 per cent were ascribable to loans of more than €250,000.
  • Preliminary estimates show that in the first half of 2011, the net wealth of Italian households increased by 0.4 per cent in nominal terms: the increase in liabilities was more than offset by the growth of real and financial assets.
  • By international standards Italian households enjoy a high level of ealth, which in 2009 was equal to 8.3 times disposable income, compared with a coefficient of 8 in the United Kingdom, 7.5 in France, 7 in Japan, 5.5 in Canada and 4.9 in the United States. There is also relatively little debt: household debt is equal to about 82 per cent of disposable income compared with 100 per cent in France and Germany, 130 per cent in the United States and Japan, and 170 per cent in the United Kingdom.

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