The absolute poverty line in Italy

The absolute poverty line in Italy
The absolute poverty line in Italy

2020 was a difficult year for Italian citizens.

According to Istat, during the pandemic, families in absolute poverty have been over 2 millions, almost a million more than in 2019.

By “absolute poverty line” we mean the monetary value, at current prices, of the basket of goods and services considered essential for each individual. This value varies according to theage of the subjects, at the geographical breakdown and the type of City of residence.

A family is considered “absolutely poor” if it incurs a monthly consumption expenditure equal to or less than this monetary value.

Household spending

In 2020, the estimate of the average expenditure of households resident in Italy was € 2,328 monthly, with a flexion of the -9% compared to 2019. According to Istat calculations, this value is not too far from € 1,730.38 minimum calculated to be able to live in a large city of North, below which you fall back into the poverty line (the value drops if you move to the suburbs or to cities with less than 50,000 inhabitants).

Young people

The situation is no better for young people who decide to go to live alone.

According to the estimates of the Foundation for Labor Consultants and Almalaurea, the 57,9% of the under 35 years, last year, received a monthly net income of less than €1.000. The salary grows to € 1,317 for graduates 1 year after graduation e € 1,512 for graduates 5 years after graduation.

Also in this case, in order to live in a large city, Istat calculates a net monthly salary among €860,34 al Sud e i € 1,120.16 to Nord, certainly not for everyone.

Source

absolute poverty line Italy

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