Already in June, compared to May, there was an initial decrease of 10 billion. The conspicuous trend reversal in the accumulation capacity of current account holders, highlights the analysis by Fabi, comes after a long period of increase in bank deposit balances: at the end of 2017 the total amount was 967 billion, at the end of 2018 it was 990 billion (+23 billion), at the end of 2019 at 1,044 billion (+54 billion), at the end of 2020 at 1,110 billion (+66 billion) and at the end of 2021 at 1,144 billion (+34 billion).
The data show almost five years of savings (since December 2017), but with a worrying change of course at the end of 2022: Italians’ accounts have always grown and have exceeded 1,000 billion, with a tendency towards accumulation that has exceeded 212 billion euros (sum of savings accumulated from 2017 to May 2022).
Indebted households are on the increase
With inflation and the high cost of living, the debts of Italian families increase. In particular, there was an increase in consumer loans and personal loans held up. Overall, the amount of loans for both categories at the end of 2022 stood at 256 billion euros, up compared to January of the same year (+1.5%) and overcoming the constant increase trend since 2017, equal to ‘1.2%.
