At the end of 2021 the financial wealth of the Italians exceeded 5.256 billion euros. In the last 10 years the growth has been 50 percent, equal to 1.700 billion. This is what can be read from a research by Fabi, the independent banking union, according to which "liquidity remains the preferred form of allocation of savings".
Cash, current accounts, policies, bonds and stocks
Il cash grew by 509 billion (+45%) to 1.629 billion, with the percentage of money left on current accounts and deposits remained stable at 31% of total assets.
Moving on to the tools, the bonds recorded a sharp drop of 67% to 233 billion euros, while on the contrary the insurance policies – which represent 23% of total savings, grew by 78% to 1.213 billion. It is the picture, highlights Fabi "ten years after the 'Whatever it takes' of the then ECB president Mario Draghi to save the euro".
The weight of the actions: with 690 billion, it represented 19% of household reserves in 2011, a figure that rose to 1.107 billion in 2020 (22%) and then again to 1.251 billion in 2021, touching 24% of total financial portfolios.
In 2021 flows for 320 billion
According to Fabi, "only in 2021, the year in which the economic recovery then vanished with the start of the war between Russia and Ukraine, did the savings of Italian families generate a flow of 320 billion euros“. "61% of the new wealth set aside (143 billion in absolute terms) - continues the autonomous banking union - was allocated to financial assets, mainly shares, 16% (72 billion) to liquidity and the remainder to forms of savings alternatives".
According to the general secretary of the fabi, Lando Sileoni, the financial wealth of Italian families "should today be more considered in the electoral programs of the parties in view of September 25 and the future government". Sileoni asks that "all political forces protect the savings of Italians with serious and concrete proposals". "It is a question - explains the trade unionist - of over 5.200 billion euros, which could play an essential role in the revival and economic growth".
