2024-01-08 16:26:00
A percentage of 5% of Italian families own 46% of Italy’s total net wealth, according to updated data on the distribution of wealth in Italian society published on Monday by the Bank of Italy in a study, reports the EFE agency, quoted by Agerpres.
Giovanni Ferrero and his family are the richest ItaliansPhoto: Bruno Murialdo / Zuma Press / Profimedia Images
The economic inequality index remained relatively stable in Italy between the years 2010 and 2016. Subsequently, in 2021, a significant increase in the concentration of wealth was observed, followed in 2022 by its reduction determined by “the evolution of the value of the financial assets held by the most wealthy”, mentions the Bank of Italy.
The statistics now published by it also compare with economic inequality in other countries, thus revealing that in Germany inequality is more pronounced than in Italy, whose inequality index is comparable to that of France and below the European average.
The same data reveal “the heterogeneity of the wealth composition of Italian households, represented especially by houses and bank deposits in the case of the less well-off and which is more diversified in the case of those who are richer.”
As for the distribution of shares and other holdings in companies, 95% of them are owned by Italy’s richest families, a percentage that reached 98% in 2016.
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