OECD: 20% of the population holds 61% of the wealth … – The Messenger

The richest 1% of the Italian population holds 14.3% of net national wealth (defined as the sum of financial and non-financial assets, less liabilities), almost three times more than the poorest 40%, which holds only 4.9%. This was reported by an OECD report which emphasized that “poverty has increased markedly during the crisis”, in particular for children and young people.

The increase in the so-called poverty rate anchored (fixing the threshold with respect to ‘ previous year) was 3 percentage points between 2007 and 2011. The band with the highest poverty rates they are under 18, with 17%, 4 percentage points higher than the OECD average, followed by the 18-25 range, with 14.7%, 0.9 points above the average.

The crisis also accentuated the differences, since the loss of disposable income between 2007 and 2011 was much higher (- 4 %) for the poorest 10% of the population compared to the richest 10% (- 1%).

The net national wealth, he says the Parisian organization, in Italy it is distributed very unevenly, with a concentration particularly marked upward. The richest 20% (first quintile) holds fact 61.6% of the wealth, and 20% just below (second quintile) 20.9%. The remaining 60% had to settle for 17.4% of the national wealth, with just 0.4% for the poorest 20%.

Even in the richer end, also, the distribution is clearly unbalanced in favor of the summit. The richest 5% of the population holds fact 32.1% of net national wealth, accounting for more than half of what held the first quintile, and almost half of this is in the hands of the richest 1%.

The poverty rate among families of Italian workers ‘non-standard’ (self-employed, temporary workers, part-time) is 26.6%, compared with 5.4% for those of permanent workers, and 38.6 % for those unemployed, detects even the OECD report on inequality, which is observed as the spread of precarious work has amplified.

In particular, show the data of the Parisian organization, if you fixed 100 the average earnings of workers with permanent position, that of atypical stops at 57, with substantial differences in the various categories (72 for self-employed, 55 for a worker with a contract full time, 33 for a worker with a contract completed part time).

Added to this is the increasing difficulty in moving from a fixed to precarious employment: according to OECD data, among people who in 2008 had a fixed-term employment five years later only 26% had managed to get a job for life.

in the report there are however also positive indications: Italy is the OECD country with the lowest percentage difamiglie indebted, 25 , 2%, ahead of Slovakia (26.8%), Austria (35.6%) and Greece (36.6%), and well below the levels of two other major eurozone economies, France (46.8% ) and Germany (47.4%), Britain (50.3%)
 and the US (75.2%).

In the Peninsula is also very limited incidence of over-indebtedness: only 2.3% of households have a debt-asset ratio of over 75%, and only 2.8% have a debt-to-income exceeds 3.