Warning for those who have cash on their post office book or bank account because they could lose up to 15% in just 3 years. Here’s what you need to know about it.
This we are experiencing is a particular historical period. The main themes of this first part of 2022 are inflation and post-pandemic economic distress and the war in Ukraine. A context that has caused many increases, both in food and in domestic users. Financial problems that could also affect family savings.
It is not news that this 2022 has been at the center of a price boom that has begun to be felt in the wallets of Italians. The rise in prices has been exacerbated in recent months by the war in Ukraine, particularly food and energy costs. Inflation, which remains consistently high across Europe and beyond, is causing headaches for central banks, which are also balancing the risk of recession.
Prices in the euro zone continued their upward march throughout May, hitting a record for the seventh consecutive month. Estimates made by the European Central Bank that are not reassuring, even if it is hoped that in the coming months and years they will be on the downside. But what many Italians don’t know is who has gods cash on post office books or a bank account could lose them.
Money on passbook or account: beware of savers
As we have seen, there have been many increases due to inflation, starting right from electricity and gas bills. Following these increases, many Italians have decided to set aside some money for the future. But there are people who have been saving for a long time.
And it is precisely the money of savers in danger, precisely because of the prevailing inflation in our country. As specified on the portal Stock market projectionsthe three inflation rates of the ECB could bring some shortages up to 15% to the Italians who have decided to keep cash in post office books or bank accounts. It is a total sum of the various expenses that a person has to face.
For those who have an average annual stock over 5 thousand euros (both in the booklets and in an account) they must pay the stamp duty to the state which is 34.20 euros per year. If, on the other hand, the stock is 10 thousand euros, the year of stock must be multiplied by 0.342%. Not to mention that, for those who have an account, they must maintain it with costs.
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