The fourteenths are arriving: between the second half of June and the first of July they will be around 8 million employed workers,the Italians who will receive the additional monthly payment,with a average amount of 1,500 euros and a total amount close to 12 billion. A substantial liquidity injection, which for over half (6.4 billion euros) will be allocated to consumption. Added to this is the one-off payment provided for by the renewals of the contracts signed in March for the approximately 4 million tertiary, distribution and service employees: almost 600 million euros more which will be paid in July.
To estimate it is Confessors, based on a survey conducted by Ipsos on employees who receive the fourteenth salary. This year is particularly awaited: 95% of those who receive it have already planned how to use it, and 25% – one in four – plan to spend it all immediately, as soon as they receive it. Savings and mandatory expenses. Of the total amount of fourteenth grades, approximately 2.1 billion should be allocated to investments (900 million) and savings (1.2 billion), also aimed at future spending, including the purchase of a new car and a long-haul trip.
The obligatory expenses, however, weigh 3.5 billion: 1.9 billion are outstanding accounts, in many cases bills, but also mortgages and loans. The calculation of obligatory expenses also includes around 900 million for healthcare costs – especially related to dental problems – and 700 million for other family reasons, among which the item of summer camps for children stands out.
The remaining 6.4 billion will instead be used by Italians to purchase goods and services for themselves and their families. Starting from holidays, the most popular ‘desire’: 36% of those interviewed he will use the extra month’s salary to travel alone or with your family, and to these is added a 5% which will finance your children’s study holidays. Long-haul trips are the most desired: in particular, the responses of those interviewed reveal a strong interest in destinations in Asia, with Japan first and foremost.
They will also spend on the house: 20% intend to finance small renovations or buy furniture and accessories. A slightly lower share – 19% – will use the additional monthly payment to purchase clothing and accessories during the summer sales, starting on the first Saturday in July. 16%, however, will purchase other goods and services, among which technological devices stand out – especially tablets and TVs – but also training courses and master’s degrees.
“After a slower-than-expected spring in terms of consumption, the fourteenths could provide an important boost to household spending“, comments Patrizia De Luise, president of Confesercenti. “The overall amount of incoming liquidity – he continues – is growing, thanks to the increase in employment and, in part, to the process of renewing national contracts. A process which, however, in this phase is still objectively difficult for many companies, should be supported. We continue to propose to act through fiscal leverage, with the tax relief of salary increases provided for by the renewals of national contracts: a measure that would facilitate renewals and would make a positive contribution to the purchasing power and consumption of Italians”.