Table of Contents:
The net wealth of Italian families
According to a joint report by the Bank of Italy and ISTAT, the net wealth of Italian families reached a record value of 11,286 billion euros in 2023, an increase of 4.5% compared to the previous year. This figure represents the highest level since 2005, showing a positive trend despite global economic challenges
.
Investments in securities and decrease in deposits
An interesting aspect that emerged from the report is the increase in investments in government bonds, which have seen significant growth over the year.
Italian families have chosen to diversify their portfolios, moving resources away from deposits, which registered a decrease of 3.2%, the most marked decline since 2005. This change reflects an investment strategy that is more oriented towards financial instruments that offer higher return potential
.
Financial and non-financial assets
Household financial assets increased by 7.1%, thanks to a good performance of stocks, mutual funds and insurance reserves. However, at constant prices, real wealth is more than seven percentage points lower than in 2021, mainly due to the inflation that hit the economy in 2022. With regard to non-financial assets, such as housing, there was an increase of 1.6%, helping to maintain a balance in the overall wealth
of families.
International comparison and future prospects
In the international context, the ratio between net wealth and gross disposable income of Italian families has remained stable, in contrast to the situation in France and the United Kingdom, where there has been a significant decline. This scenario suggests that Italian families, while facing challenges, have been able to maintain a certain economic resilience. However, the future remains uncertain, with inflation and market fluctuations that could further affect the
balance sheet.
