According to updated data on the distribution of wealth in Italian society, published on Monday in a study by the Bank of Italy, 5% of Italian families own 46% of Italy’s total net wealth, the EFE agency reported, cited by Agerpres.
The economic inequality index remained relatively stable in Italy between 2010 and 2016. Subsequently, in 2021, there was a significant increase in the concentration of wealth, and in 2022 there was a decrease, determined by “the change in the value of the financial assets held by the richest households”, the Bank of Italy mentions.
The statistics published by it are also compared with economic inequality in other countries, showing that in Germany inequality is more pronounced than in Italy, whose inequality index is comparable to that of France and lower than the European average.
The same data reveal “heterogeneity in the composition of Italian household wealth, represented mainly by houses and bank deposits in the case of the less well-off and more diversified in the case of the wealthier”.
As for the distribution of shares and other stakes in companies, 95% of them belong to Italy’s richest families, and in 2016 this percentage reached 98%.
Source: Hot News
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