Cgia, overtaking causes Covid: “More pensions than payroll”

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MILANO – A statistical overtaking that creates an impression and keeps the attention on the sustainability of the pension system high. “With a considerable degree of certainty – says the Cgia di Mestre Studies Office – we can say that the number of pensions paid in Italy has exceeded that of the employed”.The Venetian association of artisans recalls that “by virtue of the latest data available, if in May those who had a job fell to 22.77 million units, the pension checks paid are higher. As of January 1, 2019 in fact, all pensions paid in Italy amounted to € 22.78 million. If we take into account the normal flow out of the labor market by those who have reached the age limit and the impulse given by the introduction of “quota 100 “, after January 1 of last year the total number of pensions has increased by at least 220 thousand units. Therefore, we can say with a high dose of security that the checks allocated to retired people are currently higher than the number of employed present in the country “.

Rep

Early retirement, Quota 100 will remain until 2021

An overtaking that received a boost from Covid, which as we know has frozen the job market, especially affecting the most fragile groups such as young people with time contracts and women. “After the Covid explosion – explains the coordinator of the Cgia Research Office, Paolo Zabeo, in a note – a decline in active workers has followed. With more pensions than employees, workers and self-employed workers, in the future it will not be easy to guarantee the sustainability of social security spending which currently exceeds 293 billion euros per year, equal to 16.6 per cent of GDP. With empty cradles and an increasingly high average age of the population, in the coming decades we will have a less innovative society, less dynamic and with a constantly decreasing level and quality of internal consumption “.

On the basis of data that stop at the beginning of last year, the CGIA highlights that the problem is stronger in the regions of Southern Italy, which “they present a higher number of pensions than those employed. Among the southern provinces, only three recorded a positive balance, that is, more active workers than pensions paid. They are: Teramo, Ragusa and Cagliari“.

RegionsGuest Houses
(number)
(a)
Occupied
(number)
(b)
Balance

(b-a)

Piedmont1.7691.832+63
Valle d’Aosta5155+4
Liguria689609-80
Lombardy3.6794.427+748
Trentino Alto Adige368496+128
Veneto1.7722.139+367
Friuli Venezia Giulia5115110
Emilia Romagna1.8022.005+203
Tuscany1.5021.594+92
Umbria403355-48
Market660638-22
Lazio1.9952.382+387
Abruzzo520499-21
Molise126107-19
Campania1.7961.664-132
Puglia1.4551.220-235
Basilicata215187-28
Calabria746551-195
Sicily1.6621.363-299
Sardinia639582-57
Estero426==
Not divisible1==
Italy22.78623.215+429
northwest6.1876.923+736
Northeast4.4535.150+697
Center4.5594.969+410
twelve o’clock7.1606.172-988

The Northern picture is better, with the exception of Liguria “which has all 4 provinces with a negative balance and Friuli Venezia Giulia which has a zero balance. In the center, on the other hand, Umbria and Marche are also bad. Obviously, the most problematic situations occur in areas where the average age is more advanced. At the regional level, the highest one is found in Liguria (48.46 average years). Immediately after we see Friuli Venezia Giulia (47), Piedmont (46.54), Tuscany (46.52) and Umbria (46.49). At provincial level, however, the “oldest” reality in Italy is Savona (48.85 average years), followed by Biella (48.70), Ferrara (48.55), Genoa (48.53) and Trieste (48 , 39). The youngest, however, are Bolzano (42.30), Crotone (42.18), Caserta (41.35) and Naples (41.31) “.



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https://www.repubblica.it/economia/2020/07/11/news/cgia_il_sorpasso_causa_covid_piu_pensioni_che_buste_paga_-261631739/

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