Percorso:ANSA.it > ANSA English > News

Household wealth on steady decline since 2007

Italian families suffer 9% loss over five years, says Bankitalia

13 December, 16:29
Household wealth on steady decline since 2007 (ANSA) - Rome, December 13 - The wealth of Italian households fell in real terms by 9% between 2007 and last year, the Bank of Italy reported on Friday.

It found that between 2011 and 2012 alone, household wealth fell by 2.9%.

The largest factor in the drop in families' wealth last year was a fall in house prices, said the central bank.

ALL RIGHTS RESERVED © Copyright ANSA