Italian families run out of bank funds as early as the 15th or 16th of the month. This is according to a new study by the Debt Clinic Observatory, which analyzed the financial situation of 6,000 Italian families and compared it with European data. The study, "The Financial Fragility of Italian Families," paints an alarming picture: 28% of Italian families regularly run out of money (compared to 24% in France); their money runs out on the 15th or 16th of the month, compared to the 18th in France; the average Italian income is €2,794 per month (€855 less than in France); 5.7 million workers earn less than €850 net per month. Among young people aged 25 to 34, their money runs out around the 12th or 13th of the month. The study reveals another dramatic phenomenon, the so-called "chain financing": families take out new loans to repay existing ones, accelerating the spiral of over-indebtedness.