Inflation and high cost of living reverse the trend of saving Italians: after four years of constant increases, in 2022 the total balance of checking accounts of households in our country decreased by almost 20 billion euros. From August to November there was, in fact, a decrease of 18 billion euros from 1,177 billion euros to 1,159 billion euros, with a reduction of 1.5%. Already in June, compared to May, there had been a first decrease of 10 billion. The dramatic trend reversal on the accumulation capacity of account holders comes after a long period of increase in bank deposit balances: at the end of 2017, the total amount was 967 billion euros, at the end of 2018 at 990 billion euros (+23 billion euros), at the end of 2019 at 1,044 billion euros (+54 billion euros), at the end of 2020 at 1,110 billion euros (+66 billion euros), and at the end of 2021 at 1,144 billion euros (+34 billion euros). The data show almost five years of savings (since December 2017), but with a worrying change of course at the end of 2022.
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