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Main results of the Household Finance and Consumption Survey: Italy in the international context

Romina Gambacorta, Giuseppe Ilardi, Andrea Locatelli (), Cristiana Rampazzi () and Raffaella Pico ()
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Cristiana Rampazzi: Bank of Italy
Raffaella Pico: Bank of Italy

No 161, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper presents the main results of the Eurosystem�s Household Finance and Consumption Survey (HFCS) with an emphasis on the data for Italy in the international context. The paper examines households� socio-demographic characteristics, assets and income distribution, participation in real and financial assets and indebtedness levels. The results for Italy reveal a mean household gross income below the euro-area average. The concentration of income in Italy is roughly positioned at a median position, while the index of relative poverty is comparatively high. Among the main countries of the euro area, Italy shows the same average level of net worth per capita of Spain and slightly higher levels than those of France and Germany, in line with the high savings rates that characterized Italian households over the last few decades, although this trend has decreased in recent years. Finally, Italy shows the lowest percentage of indebted households.

Keywords: household wealth; poverty; indebtedness; micro-data (search for similar items in EconPapers)
JEL-codes: D12 D31 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-eec and nep-hme
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