London Daily

Focus on the big picture.
Tuesday, Aug 05, 2025

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
Elon Musk Receives $23.7 Billion Tesla Stock Award
Texas House Paralyzed After Democrats Walk Out Over Redistricting
Mexican Cartels Complicate Sheinbaum’s U.S. Security Talks
Mark Zuckerberg Declares War on the iPhone
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
Tesla Seeks Shareholder Approval for $29 Billion Compensation Package for Elon Musk
Nvidia is cutting prices on its RTX 50-series graphics cards after sales slowed and inventories piled up
Ghislaine Maxwell Transferred to Minimum-Security Prison Amid Ongoing DOJ Discussions
U.S. Tariffs Surge to Highest Levels in Nearly a Century Under Second Trump Term
Matt Taibbi Slams Media for Role in Russiagate Narrative
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
×