Inquiring minds are across The Pond this evening where Italian families are showing stress from their difficulties in tackling unexpected costs which grew in 2009. If that wasn’t bad enough, their level of debt did also. A recent Government report shows that the percentage of families not able to face an unexpected spending of 750 euros have gone up from 32% to 33.3%.:
Compared to 2008, the number of families in arrears with debts other than mortgages has also risen (from 10.5% to 14% among those with debts), as has the number of those who find themselves I debt (from 14.8% to 16.5%).
Families with children, ISTAT says, are “relatively more exposed to disruption”, while couples without children least frequently experience economic difficulties. On average, 11.7% of couples with children say that they have been behind with the payment of bills (against 5.4% of those without children), with the number rising to 22% for families with three or more children.
The “greater vulnerability” of couples with at least three children is backed up by the fact that 31.5% of them say that they struggle to finish months, 7.3% say that they do not have enough money to spend on food, 29.2% for spending on clothes, while 22% of families living in rented accommodation or have a mortgage contract fell behind with their repayments.
As well as families with three or more children, those with only one parent and elderly people living alone are those who most frequently find themselves facing economic difficulties.
Socialism is a wonderful form of governing…until you run out of other people’s money.
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