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Italians spent less in 2013 than in 2000, says Censis poll

Italians spent less in 2013 than in 2000, says Censis poll

New 'zero consumption' lifestyle now prevails

Rome, 05 December 2014, 12:45

ANSA Editorial

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Italian families have confronted the financial crisis with a new "zero consumption" lifestyle, Censis said Friday in a new report. The Italian socio-economic research firm found that for the second year in a row, overall household consumption in 2013 was below levels in the early 2000s.
    Censis' 48th report on the Italian social situation said that 62% of respondents reduce meals outside home; 58% save by cutting spending on movies and leisure; 44% reduce transport in cars and motorcycles to avoid spending too much in gasoline; and another 44% have modified eating habits to reduce spending. Thinking about the future, 29% of Italians surveyed said that they feel anxious due to the lack of a safety net; 29% are worried by a fragile margin of financial safety; 24% say they do not have clear idea of the future because everything is very uncertain; and only slightly more than 17% say they feel safe enough and have "their backs covered".
    Italians also showed little faith in the ability to improve their own condition compared to other countries. Just 51% of respondents believed good education was important for achieving success in life.
    An even smaller percentage - 43% - thought hard work was key. A total of 29% indicated that having the right contacts was important, compared to 19% in a similar survey conducted in the United Kingdom.
    Twenty percent of Italians thought it was critical to come from a wealthy family to succeed compared to just 5% in France.
   

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