Wealth and inflation, because Italians’ savings could be reduced by 270 billion

Wealth and inflation, because Italians' savings could be reduced by 270 billion

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An account the size of a sixth of GDP

How much will the impact of inflation and the various storms weigh on the portfolio of Italian families? 270 billion at the end of 2023. An important figure, which is worth a little more than the Pnrr, is the aid and loan plan launched by the European Union after the pandemic. Or about a sixth of our gross domestic product. Two touchstones that tell us how much the cut that the high cost of living can impose on wealth and savings is not, in perspective, a trivial matter. Prometeia did the math in the latest Wealth Insights 2022 report prepared in collaboration with Ipsos. The analysis tries to photograph Italians and their small or large assets by projecting the estimates of the least accumulation of wealth linked to the gallop in prices into 2023. The reference sample in this case is not all households, but only those with at least 25,000 euros of financial wealth. And therefore only those who have aside, invested for various reasons, a sum ranging from this figure upwards. Lea Zicchino, senior partner in charge of market analysis and financial intermediaries at Prometeia explains, who, with Wealth Insights, follows savings trends in Italy on a seasonal basis: We have analyzed two different dimensions of the effect of the cost of living: that on savings flows and that on market returns.

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