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Household wealth up 100bn in 2020 - BoI

Passes 10,000 bn, 8.7 times income says new report

(ANSA) - ROME, JAN 27 - Italian household wealth rose by around 100 billion euros, or 1%, to 10,010 billion euros in 2020, according to the latest figures from the Bank of Italy and stats agency ISTAT Thursday.
    Net wealth was about 8.7 times household income, the report said.
    Residential property, the main form of family investment, accounted for almost half of household wealth at 5,163 billion euros.
    Financial assets reached 4,800 billion, up on 2019 due to an increase in deposits and insurance reserves, the BoI-ISTAT report said.
    Liabilities were almost stable at 967 billion euros. (ANSA).


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