Poverty is boom: in 2020 2 million Italian families live in absolute poverty, with a significant increase (+ 104.8%) compared to 2010 (980,000). The 55th Censis Report notes this. The increase is sustained above all in the North (+ 131.4%; + 67.6% in the Center and + 93.8% in the South). Of the families that fell into absolute poverty during the first year of the pandemic, 65% reside in the North (21% in the South, 14% in the Center). The report also highlights how the pandemic has accentuated the sense of vulnerability: 40.3% of Italians feel insecure thinking about their health and the future need to have recourse to health services. Italian society has changed and has gone through crises and emergencies with the continuous intertwining of emerged and submerged, daily and long-term realities. Today this is no longer enough. Continued adaptation no longer holds up, our overall institutional system has to rethink itself. We are facing a society that will be able to recover more by project than by spontaneous evolution. “Also in the light of the changes brought about by the pandemic,” it is time for a serious time schedule “, for” structural reforms “and” public intervention “with “courageous choices”.
“Only 15.2% of Italians believe that after the pandemic their economic situation will be better. For the majority (56.4%) it will remain the same and for a consistent 28.4% it will get worse”. The risk of erosion of household assets. “The overall wealth of households is equal to 9,939 billion euros. The assets in real assets amount to 6,100 billion (61.4% of the total), deposits and financial instruments are worth 4,806 billion (net of financial liabilities, equal to 967 billions, correspond to 38.6% of total wealth.) But in the last decade (2010-2020) the balance sheet of Italians has decreased by 5.3% in real terms, as a result of the fall in the value of real assets ( -17.0%), not offset by the growth of financial assets (+ 16.2%). The last ten years – explains Censis – therefore mark a clear discontinuity with respect to the past: real assets that continued fast from the 1980s. The reduction in assets, the result of the decrease in gross household income (-3.8% in real terms over the decade), shows how the ability of Italians to form new wealth has weakened ” .
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Source From: Ansa
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