Household economic condition
Between 2015 and 2016, both relative and absolute poverty incidence remained stable.
Absolute poverty involved 6.3 percent of households (corresponding to 4,742,000 individuals). Compared to 2015, household economic conditions worsened especially in households with at least minors (from 18.3 to 26.8 percent). 10.6 percent of households experienced relative poverty (2,734,000); people in relative poverty were 8,465,000 (14.0 percent of population).
In 2015, resident households in Italy had an average net income equal to 29,988 Euros, corresponding to monthly 2,500 Euros. However, given the unequal income distribution, the majority of households had an income lower than the average: considering also the median value (that is the income level that is found in the middle in the sequence of income levels), 50 percent of households received less than 24,522 Euros (2,044 Euros per month).
The deprivation synthetic index constitutes an important measure in the context of analysing social exclusion: together with risk of poverty and low labour intensity indicators it contributes to supply an estimate of persons at risk of poverty or social exclusion. In 2016 severe deprivation increased among singles (more so, if elderly) and among households with at least one elderly person. The condition of households with at least three minors (17.4 percent) remained serious.
In 2017 the share of people who said they were satisfied of their economic situation was unchanged compared to the previous year, especially among those who declared themselves "fairly satisfied".