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07 July 2020 "Using as a homogeneous reference a relative poverty threshold estimated on the basis of the 2016 Household Budget Survey (IBF), the share of the population that does not have sufficient liquid financial resources to be able to remain at the poverty line for 3 months in the absence of other revenue reaches 55% ". This can be read in the publication published today on the Bank of Italy website of the series "Notes Covid-19", entitled "Main results of the Extraordinary Survey on Italian Families in 2020" .

"In addition to a widespread drop in incomes - explains the study -, more than a third of individuals say they have sufficient financial resources for less than 3 months to cover the essential consumption expenditure of the family in the absence of other income, a period compatible with the duration of the lockdown linked to the Covid-19 emergency. This quota exceeds 50% for the unemployed and for employees with fixed-term contracts. Just under a fifth of self-employed workers and employees with fixed-term contracts he finds himself in this condition and at the same time has suffered a reduction of over 50% of family income in the first two months of the health emergency ".

More negative impact on self-employed workers
Coronavirus has had a more negative impact on self-employed workers. This is what emerges from the publication published today on the Bank of Italy website of the series "Notes Covid-19", entitled "Main results of the Extraordinary Survey on Italian Families in 2020". "Slightly less than half of the individuals - reads - declares that before the health emergency, it came at the end of the month with difficulties, with higher quotas for fixed-term employees and for the unemployed (respectively equal to 55 and 64%) ".

"In the last two months, corresponding to the most rigid phase of the epidemic containment measures - continues the study -, more than half of the individuals declare that they have suffered a reduction in family income, also taking into account any support instruments received; 15% the drop is more than half of the total income. The impact is more negative among self-employed workers: almost 80% have experienced a drop in income and 36% the drop is more than half of the income familiar".

Mortgages
Almost 40 percent of indebted individuals say they have difficulty supporting mortgage payments due to the crisis; the share is higher in the Center and in the South. "Only a third of those who are in difficulty with the payment of mortgage payments have appealed or intend to use the mortgage moratorium. Among those who have a loan for consumer credit, the percentage of individuals in difficulty with the payment of the installment is 34 percent. " 

No holidays for 30% of Italians
The health emergency has a negative impact on Italian spending expectations: about 30% of the population declares that they cannot afford to go on vacation next summer and almost 60% believe that even when the epidemic will have ended its expenses for travel, holidays, restaurants, cinemas and theaters will in any case be lower than the pre-crisis ones. This was revealed by the extraordinary survey of Italian families in 2020 by the Bank of Italy.