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Intesa Sanpaolo: Italian savings at a minimum

Non-savers reached 2012% in 61,3 – The research shows "the disorientation and difficulties of families in looking to the future with confidence", explained the Chief Economist of Intesa Sanpaolo Gregorio De Felice.

Intesa Sanpaolo: Italian savings at a minimum

Fewer and fewer families in Italy are able to put money aside. The share of lucky savers decreased in the last year from 47,2 to 38,7%. Another 46,2% of households, on the other hand, has begun to erode the available capital. The data emerges from the Survey on savings and financial choices of Italians in 2012 presented today in Turin. The study was conducted by Intesa Sanpaolo in collaboration with the Einaudi Center and Doxa on a sample of 1.053 families, interviewed between January and February.

The numbers reveal that the hardest hit by the revenue crisis are twenty-year-olds (-21,4% compared to 2011), followed by women (-8,9%), merchants and artisans (-10,3%). Access to savings marks an all-time low in 2012: non-savers reach 61,3% (52,8% in 2011).

From the research emerge "the disorientation and the difficulties of families to look to the future with confidence" explained the Chief Economist of Intesa Sanpaolo Gregorio De Felice, who explained how "along with rigour, it is necessary to accelerate the issue of reforms and equity, also between different generations". If we manage to make this change, "we will have a lesser presence of the state in the economy, less public debt constraints and a more modern and efficient economy".

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