Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Italians are less wealthy, older than 20 years ago

Italians are less wealthy, older than 20 years ago

Italy's annual report on its economic condition found that the country has on average become less wealthy, older, and more likely to live alone compared to a generation ago.
The 294-page "Annual Report 2022" from Italy's National Statistics Institute (ISTAT) was released Friday.

While Italy remains one of the world's wealthiest and most developed economies, the report shows overall conditions for residents have deteriorated in recent years.

The report said that 5.6 million Italian residents were living in absolute poverty last year, around 9.4 percent of the population. That is nearly three times the number of residents living in similar conditions in 2005 (1.9 million).

A person living in "absolute poverty" is unable to meet standard daily needs, including adequate shelter, a healthy diet and access to healthcare.

Another 4.9 million residents, or 21.7 percent of the population, are employed but considered "vulnerable." This means they are no more than one month's wages away from being classified as in absolute poverty, due to an array of precarious work conditions. More than 800,000 of these residents are considered "vulnerable."

However, the report says that government subsidies and aid programs have kept the poverty figures from being higher. ISTAT said that while those living in mild poverty accounted for 18.7 percent of the population in 2020, that figure would jump to 28.8 percent without government programs.

The report also sheds light on the country's aging population: the average age for a new mother in Italy was 31.4 years, an increase of more than three years since 1995.

Due to the country's declining birthrate, the average age in Italy is on the rise. The country now has 14 million residents over the age of 65, the highest figure on record.

There are more households in Italy than ever before, ISTAT said, but they are increasingly small, averaging 2.3 individuals each in the 2020-21 period. This was down from 2.6 individuals per household two decades earlier.

Meanwhile, 33.2 percent of people lived alone in the 2020-21 period, ISTAT reported. For the first time, this figure surpassed the percentage of households made up of two adults and at least one child, a group that accounts for 31.2 percent of households.

ISTAT estimates that by 2045, childless families will outnumber those with children for the first time.
Newsletter

Related Articles

0:00
0:00
Close
Unelected PM of the UK holds an emergency meeting because a candidate got voted in… which he says is a threat to democracy…
Farmers break through police barriers in Brussels.
Ukraine Arrests Father-Son Duo In Lockbit Cybercrime Bust
US Offers $15 Million For Info On Leaders Of Cybercrime Group Lockbit
Apple warns against drying iPhones with rice
Alexei Navalny: UK sanctions Russian prison chiefs after activist's death
German economy is in 'troubled waters' - ministry
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Tucker Carlson says Boris Johnson wants "a million dollars, in Bitcoin or cash, from Tucker Carlson to talk about Ukraine.
Russia is rebuilding capacity to destabilize European countries, new UK report warns
EU Commission wants anti-drone defenses at Brussels HQ
Von der Leyen’s 2nd-term pitch: More military might, less climate talk
EU Investigates TikTok for Child Safety Concerns
EU Launches Probe Into TikTok Over Child Protection Under Digital Content Law
EU and UK Announce Joint Effort on Migration
Ministers Confirm Proposal to Prohibit Mobile Phone Usage in English Schools
Avdiivka - Symbol Of Ukrainian Resistance Now In Control Of Russian Troops
"Historic Step": Zelensky Signs Security Pact With Germany
"Historic Step": Zelensky Signs Security Pact With Germany
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Tucker Carlson grocery shopping in Russia. This is so interesting.
France and Germany Struggle to Align on European Defense Strategy
‘A lot higher than we expected’: Russian arms production worries Europe’s war planners
Greece Legalizes Same-Sex Marriage and Adoption Rights
Russia "Very Close" To Creating Cancer Vaccines, Says Vladimir Putin
Hungarian Foreign Minister: Europeans will lose Europe, the Union's policy must change drastically
Microsoft says it caught hackers from China, Russia and Iran using its AI tools
US Rejects Putin's Ceasefire Offer in Ukraine
The Dangers of Wildfire Smoke and Self-Protection Strategies
A Londoner has been arrested for expressing his Christian beliefs.
Chinese Women Favor AI Boyfriends Over Humans
Greece must address role in migrant vessel disaster that killed 600: Amnesty
Google pledges 25 million euros to boost AI skills in Europe
Hungarian President Katalin Novák Steps Down Amid Pardon Controversy
Activist crashes Hillary Clinton's speech, calls her a 'war criminal.'
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Trudeau reacts to Putin's mention of Canadian Parliament applauding a former Ukrainian Nazi in his interview with Tucker Carlson.
The Spanish police blocked the farmers protest. So the farmers went out and moved the police car out of the way.
Volodymyr Zelenskiy fires top Ukraine army commander
Tucker Carlson's interview with Vladimir Putin raises EU concerns
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
Russia's Economy Expands by 3.6% Due to Increased Military Spending
Ukraine MPs Vote To Permit Use Of Dead Soldiers' Sperm
German Princess Becomes First Aristocrat To Pose Naked On Playboy Cover
UK’s King Charles III diagnosed with cancer
EU's Ursula von der Leyen Confronts Farmer Protests Amid Land Policy Debates
Distinguishing Between Harmful AI Media and Positive AI-Generated Content: A Crucial Challenge for the EU
Tucker Carlson explains why he interviewed Putin
Dutch farmers are still protesting in the Netherlands against the government, following the World Economic Forum's call for 'owning nothing.'
Hungarian Prime Minister Viktor Orbán stands up for European farmers and says, 'Brussels is suffocating European farmers.
×