The wealth of Italian families grows less than the rest of the Eurozone because incomes have increased less than in other European countries. In this context, savings are decreasing, worsening inequalities. Our country is increasingly polarized, with financial investment gains concentrated in the wealthiest segments of the population, with 5% of families holding over half of the total net wealth, while the less wealthy 50% owns just 7.3%.
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This is the snapshot, in brief, taken by the Observatory of the Fiba Foundation of First Cisl on family wealth presented in Rome, which, processing ECB and Eurostat data, highlights how the growth of net wealth of Italian families is the lowest especially compared to the main European economies.
For family wealth, growth lower than other European countries
As of December 31, 2025, the amount of net wealth is 11,333 billion euros, compared to 19,867 billion in Germany, 14,054 billion in France, and 8,484 billion in Spain. The net wealth of the euro area reached 68,521 billion euros in 2025. Compared to 2015, the Italian increase was 22.8%, against 87.3% in Germany, 42% in France, and 56.6% in Spain. The result of this slower trend is that the share of Italian family wealth in the total of the euro area has fallen from 21.7% to 16.5%. In particular, since 2015, Italy’s total growth, amounting to 2,107 billion, was determined about 45% (937 billion) by unlisted shares and other equity securities (+102.7%) held almost entirely (98.3%) by the wealthiest decile of families. Moreover, the growth was strongly concentrated in the second five-year period from 2020 to 2025.
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Incomes increased less than other EU countries, almost half of Spain
The weak wealth dynamics can be explained by modest income growth compared to the main European economies. Between 2015 and 2025, the gross disposable income of Italian families rose from 1,132.8 to 1,455 billion euros, an increase of 28.4%. In the same period, growth was 48.3% in Germany, 41.1% in France, and 53.8% in Spain. As with wealth, income growth in Italy mostly occurred from 2020 onwards.
Gross household saving rate steady at 10.7%, against 14.3% in the Eurozone
In this context, it is not surprising that even a traditional strength of the Italian system, household savings, is decreasing. Regarding gross savings of Italian families, it rose from 125.7 billion in 2015 to 161.1 billion in 2025, with a growth of just 28.2%. Germany and France recorded increases of 64.4% and 80.7% respectively, while Spain reached 134.2%. In 2025, the Italian gross saving rate is 10.7%, the lowest among the main countries and well below the euro area average of 14.32%. Germany and France stand at 19.2% and 17.2% respectively, while Spain reaches 11.9%.
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