A third of Italy’s households post negative saving balance, Acri finds
Only 28% of Italy’s households managed to save in 2012, against 35% in 2011 and 36% in 2010, according new research published today by the country’s association of rural banks Acri.
Families with a negative saving account were 31% in 2012, up from 29% in 2011, a bigger share than those able to save, the research found.
Meanwhile, Italians’ attitude to save has become stronger with the financial crisis. According to the findings, 47% of interviewees aimed at allocating funds to investments vehicles in 2012.
But, 40% of Italy’s households spent all the monthly income in living expenses.
Despite a traditional preference for real estate investments, the survey found that only 35% of Italians would consider property allocation as a first investment choice, against 70% in 2006 and 43% last yars.
Most interviewees mentioned government bonds as a best alternative.
On the positive side, confidence on the domestic economy is increasing. More than a third of the sample expected the eurozone crisis to go towards a resolution, down from 54% in 2011.