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In 2024, European families' net wealth reached €70.2 trillion, up 4.4% from the previous year. This is the conclusion of a study conducted by the Italian Banking Association (ABI) using the most recent data published by the European Central Bank. German households contribute 29% of total wealth, French households for 20%, Italian households for 16%, and Spanish households for 13%. The remaining 22% is divided among the other countries in the region. Italian households continue to be among the most financially sound. In Italy, household net wealth is eight times disposable income, which is higher than the euro area average (7.5 times), French households (7.4 times), and German households (7.2 times). Spanish households have a net wealth of 8.6 times disposable income. Italian household debt remains among the lowest in the eurozone. In Italy, financial liabilities represent 8.4% of the total, compared to 11.3% in the euro area, 9.7% in Germany, 12.8% in France, and 7.9% in Spain. The composition of domestic wealth indicates that residential property is the most significant component. Although residential property accounts for the majority of the market in Italy, it is lower than the European average (43.9% in Italy versus 51.6% in the eurozone) and other major countries (52.2% in France, 53.2% in Germany, and 60.6% in Spain), owing in part to the sharp increase in property prices in other eurozone countries. Deposits account for 11.2% of total household assets in Italy, while this figure climbs to 12.4% in the eurozone. Liquidity in Italy exceeds the European average (1.6% versus 1.1% for the eurozone). Producer households' assets, which include stakes in unlisted enterprises and non-financial assets for productive use, account for 20.2% of total Italian household portfolios, over 6 percentage points greater than the eurozone average.
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