Household income, personal income tax falls but poverty increases

The baskets that measure poverty and indigence in the City rose above inflation in the second month of the year. Families residing in the Autonomous City of Buenos Aires (CABA) needed income of at least $1,089,146 during February in order not to be poor and even $1,713,065 in order to be considered middle class, as reported by the Instituto de Estadísticas y Censos porteño (IDECBA). Baskets used to determine the poverty line and indigence in the…

Rome, 17 March 2025 - The reform of the IRPEF, together with other tax and contribution relief interventions, have meant that about 11.8 million families see their disposable income improve, thanks to the measures, for an average annual amount of 586 euros. This is almost 45% of families residing in Italy and 78.5% of families with at least one employee. But it is equally true that the drastic reduction in citizenship income has led to a deterio…

The transition from Citizenship Income to the Inclusion Allowance in 2024 caused “a deterioration in disposable income by about 850 thousand”