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Nearly half of households live on less than 2,000/month

Bank of Italy finds 20% live on 1,200

27 January, 15:27
Nearly half of households live on less than 2,000/month (ANSA) - Rome, January 27 - Almost half of the families in Italy live on less than 2,000 euros a month, the Bank of Italy said on Monday.

A study by the central bank found that only 50% of households have annual incomes higher than 24,590 euros, while 20% of them cope with annual incomes less than 14,457 euros, or roughly 1,200 euros per month. Just 10% of families receive more than 55,211 euros per year.

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