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INPS: household purchasing power collapses, more than half of pensioners earn less than a thousand euros

The purchasing power of Italian families falls for the third consecutive year, and it is alarming for pensioners: over half of them (52%, equal to 7,2 million individuals) receive pension checks of less than 1.000 euros per month.

INPS: household purchasing power collapses, more than half of pensioners earn less than a thousand euros

In 2011, the purchasing power of households continued to decline for the third consecutive year: in the period 2008-2011 it decreased by approximately 38,6 billion in real terms. Overall, from 2008 to today, the reduction was 3,8%, which rises to 5,2% compared to 2007. Household incomes, in 2011, fell by 0,9% in real terms. This is what emerges from the INPS social balance sheet.

The primary incomes of households “show a strong fall in 2009, cushioned by the disposable income determined following the operation of social benefits. The slight increase in primary incomes in the following years cannot make up for the decline in 2009″, explains the Institute. In any case, in real terms (net of inflation) the purchasing power of households has decreased since 2008. However, the increase in INPS social benefits "has made it possible to recover 20% of the fall in household primary income".

Bad news for retirees too: over half of them (52%, equal to 7,2 million individuals) collect pension checks of less than 1.000 euros per month. Of these, again according to INPS, as many as 17,2% receive pensions of less than 500 euros a month.

24% (3,3 million) are in the range between 1.000 and 1.500 euros per month. 12,7% receive pensions between 1.500 and 2.000 euros per month and the remaining 11,2% enjoy a monthly pension income of more than 2.000 euros. Holders of at least one Inps pension treatment in 2011 numbered 13.941.802, mostly women (54%). Approximately 74% (equal to 10,3 million individuals) receive a single pension paid by the Institute, just over 21% receive two, 5% three or more.

The average gross pension income, resulting from the sum of pension incomes (both social security and welfare) received during the year, disbursed both by INPS and by other social security bodies and recorded by the central register of pensioners managed by the Institute, is 1.131 euros per month (for women 930 euros on average per month compared to 1.366 euros for men). More than half of pensioners (52%) receive an old-age or seniority pension without enjoying other pension benefits, a percentage that drops to 10% and 5% respectively for survivors' and social security disability pensions.

Recipients of welfare pensions alone are 11% of the total. A further 10% and 12% are distributed among those who receive, respectively, a social security treatment associated with a welfare service or more social security treatments. In terms of age, over 75% of holders are 65 years of age and over (80% are over 25) and approximately 22% are in a range between 40 and 64 years of age.

Furthermore, almost half of the recipients (6.915.733) are concentrated in the northern regions, while 31% (4.292.312) and 19% (2.733.757) of the total with pension incomes reside in the south and in the centre, respectively. averages ranging from 920 euros per month in the South to 1.238 euros in the North.

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