Cida Censis Report

The malaise of the Italian middle class: 45% have reduced consumption, 51% are pushing their children to go abroad

Two out of three Italians feel middle class, but more than half fear that their children will be worse off. More than 70 per cent call for lower taxes on gross incomes. Cuzzilla: 'The time for analysis is over: we need clear-cut choices'.

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4' min read

4' min read

Afflicted by taxation, excluded from welfare, ignored in recognition. Yet, it is a middle class that endures: it invests in its children, keeps families and territories going with silent generosity. "But how much more can it take?" This is the question, and at the same time the cry of alarm, launched by Stefano Cuzzilla, commenting on the second report Cida-Censis 'Relaunching Italy from the middle class. Recognising skills and merit, rethinking taxation and welfare', commissioned by Cida, the Italian Confederation of Managers and Senior Executives, and presented today, 22 May, during a conference at the Chamber of Deputies.

The paradox of the middle class

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Without getting around it too much, the middle class lives an unsustainable paradox: 'It is the country's holding point. It is too rich to receive aid, too poor to build a future,' added Cuzzilla, who has just been confirmed as head of Cida. Two out of three Italians feel middle class, but more than half fear that their children will be worse off. More than eight out of ten do not see the value of their skills recognised in their income. And more than 70 per cent ask for less tax on gross income.

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Strong cultural identity, but no economic return

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The central contradiction that emerges from the report is this: the Italian middle class is not defined by income, but by cultural identity. Sixty-six per cent of Italians identify themselves as middle class, and for over 90 per cent what really counts is knowledge, level of education, acquired skills. But these values are no longer reflected in economic reality. The 82% of Italians who define themselves as middle class complain that merit is not recognised, that cultural capital does not translate into fair pay. This is where a decisive fracture opens up: between human capital and economic capital. And when recognition does not arrive, the engine dies out: what was once an upward thrust becomes mere survival.

A stagnation that becomes floating

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In recent years, more than half of the Italians who make up the social backbone of the country have seen their income stagnate, while more than one in four have seen it fall. Only 20 per cent declare an improvement. But more than retreating, the middle class today floats without perspective. Consumption also reflects this state: 45% have already reduced it, and the majority fear further cuts in the near future. It is not just an economic condition, it is a widespread social malaise that empties the future of hope. A future that, increasingly, the middle class can no longer imagine within the borders of the country.

Fears of a generational decline

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Fifty per cent of parents from the country's productive heartland believe that their children will be worse off financially, and 51% hope that they will seek opportunities abroad, marking the definitive overtaking of the 'myth of elsewhere' over the dream of internal social mobility. In spite of this, the middle class continues to invest: 67% of middle class families with children living together incur extraordinary expenses to guarantee a future for their children, while more than 41% help their children and grandchildren economically, confirming their position as the country's first social shock absorber. Among pensioners in the report's target group, 47% regularly help their children or grandchildren, and 66% have financed or will finance at least one extraordinary expense. This 'silent generosity' is increasingly under pressure. Only 52% feel protected by welfare networks; the others oscillate between anxiety, uncertainty and outright insecurity. And savings, which have always been one of the hallmarks of the middle class, are eroding: 46% have reduced their ability to set aside resources, and 44% expect it to worsen over the next three years. When confidence in the future cracks, the need for protection grows: but it is precisely here that the system shows its deepest cracks.

Public welfare is no longer enough

Only 18% consider public welfare to be sufficient. Faced with this perception of inadequacy, the race to supplementary welfare is growing: 45% have a health policy or pension fund and some 36% would like the collective agreement of the sector in which they work to provide supplementary healthcare. The risk is a new inequality: between those who can afford private protection and those who remain unprotected.

The crucial issue of taxation

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Seventy per cent of Italians ask for less tax on gross income, and over 80 per cent denounce a serious imbalance between what they pay and what they receive in terms of public services. It is a transversal cry of alarm, which crosses generations, territories and professions. The tax burden is perceived as excessive and unfair, especially for those who work, produce, save, invest. Working more is not worth it, going up in income means losing benefits.

Sharp choices are needed

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'This is where the real political game is played,' Cuzzilla said. 'The time for analysis is over: we need clear-cut choices. A tax reform that lightens the burden on employees, that rewards those who produce value and not those who evade it. And stop considering pensioners as an expenditure chapter: they are a strategic resource, the country's first social shock absorber. What is needed is a revaluation of pensions, a strengthening of supplementary pensions, a more convinced fight against tax evasion, a valorisation of the managerial skills that hold institutions, businesses and citizens together. It is 70 per cent of Italians who demand lower taxes on gross income, we cannot ignore this. Defending the middle class - and those who lead it every day - is not defending a category, but ensuring stability, cohesion and growth for the entire country'.

Releasing the middle class

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Commenting on the data that emerged from the report, Censis General Secretary Giorgio De Rita said: "The research shows that more than two thirds of Italians feel they belong to the middle class. A middle class that is a vital protagonist of Italian society, but for too long has been forced to make difficult adjustments in the face of the persistence of a penalising taxation system, an eroding sense of security, and reduced attention to the value of skills and advanced functions in a highly complex society. Protecting and revitalising the middle class is today an essential choice for the country's growth'. And growth is, to all intents and purposes, the real game.

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