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Bank of Italy: 40% of families find it difficult to pay their house rent

March 30, 2021 13:46

Since the beginning of the crisis, about 15% of households have requested or thought about asking for “a loan to obtain liquidity”

“Insufficient resources for a minimum standard of living” – More than half of the population, the analysis continues, “lives in families that declare that they do not have sufficient financial resources to maintain a minimum standard of living for at least three months in the absence of income, in line with what was found in the spring . More than a fifth of individuals are in this condition and at the same time suffered a decline in family income in 2020 “.


A third of families cut food costs – The pandemic hits consumption hard and almost a third of Italian families reduce purchases of food and clothing in the first months of 2021. Of these, about half the contraction in spending would be less than 20%, for just under one third would be more than 30% “.

Sharp drop in consumption – Almost half of households that cut spending say they want to buy lower-quality goods, while three-quarters think of modifying the quantity. Expectations of a decline in consumption mainly affect the nuclei that at the time of the interview resided in the red and orange regions and also just over a quarter of those who expect an increase in income in 2021.

Hotels, bars and restaurants – Consumer behavior “continues to be strongly affected by the health emergency. The expenditure made in November for hotels, bars and restaurants is less than the period before the pandemic for about 80% of families; that on personal care services for about two thirds of them. The decline in all these consumption items affected the Regions that at the time of the survey were in the red and orange zone to a greater extent “.

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