Poverty is on the increase among Italians and so is inequality of wealth, according to the Bank of Italy. Figures from the country’s central bank show that in 2010 14.4% of Italians were poor – defined as having an income lower than half of the average – up one percentage compared to 2008. The proportion of poor among foreign citizens residing in Italy was significantly higher, at 40%. The richest 10% of families owned 45.9% of the wealth, compared to 44.3% in 2008, showing a widening gap between haves and have nots. Bankitalia
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