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Average family income 30,500 euros in 2014 – Bank of Italy

Top 5% of families own 30% of overall wealth

Redazione Ansa

(ANSA) - Rome, December 3 - Families in Italy had an average income of 30,500 euros a year in 2014, the Bank of Italy said Thursday.
    This translated into approximately 2,500 euros a month, marking the end of a downwards trend that began in 2008, the central bank said. Ten per cent of families had an annual income in excess of 55,000 euros. Further, the top 5% of families, with average assets worth 1.3 million euros, owned over 30% of overall wealth, the Bank of Italy said. For most families their assets consisted of their primary residence, the central bank added. Low-income families - namely those with an income of less than 9,600 euros per year - stood at 22.3% in 2014, the central bank added.
   

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