Italian households are carrying an average of 6,657 euros in debt each, excluding mortgages, according to an analysis by Cgia reported by Sky TG24. The study, published on Saturday, puts the country's
Sky TG24 reports that the figure marks a steady rise in household borrowing. Over a nine-year period, consumer credit in Italy grew by 62 percent, according to ANSA's coverage of the same Cgia finding
The debt total covers loans taken out for consumption rather than home purchases, meaning the 6,657-euro average sits on top of any mortgage obligations a family may hold. Milano Finanza and Tgcom24 b
The Cgia research offers a snapshot of how Italian families are financing day-to-day life and larger purchases through credit. With consumer credit expanding sharply over less than a decade, the analy
What to watch next is whether the pace of consumer credit growth continues, and whether wage trends shift in a way that eases the reliance on borrowed money that the Cgia data highlights.
Consumer credit in Italy has reached almost 178 billion euros, with the average household owing 6,657 euros excluding mo