Italian provinces where you save the most, the ranking

Italians are increasingly saving money, especially in the North and in large cities. Unioncamere, together with the Guglielmo Tagliacarne Study Center, analyzed the differences between the piggy banks of citizens in different regions of Italy, mapping the provinces where people save the most.

The analysis of data updated to 2023 provides a social, demographic, and geographic snapshot of the composition of the communities most inclined to save, allowing for a ranking of the most thrifty provinces, with one region leading the way.

The provinces that save the most

In general, the study reveals that the provinces with a higher propensity to save are those with more graduates , with an average share of 8.8% of residents, made up of an older population , in the ratio between inhabitants over 64 and young people under 15, and with smaller family units than the national average.

Looking at the geography, our country's savings are concentrated in large cities , primarily due to their demographic weight. This is where 40% of the wealth Italians save resides, with 32.4% divided between Milan, Rome, Turin, Bologna, and Genoa alone.

A quarter of the sums set aside by Italian families are concentrated in Milan (11.55%), Rome (7.50%) and Turin (5.52%), but it is in the medium-small provinces that a greater propensity to save is recorded in relation to their income.

The ranking of the provinces most inclined to save

In this context, the region with the highest amount saved is Lombardy , followed by Emilia-Romagna and Piedmont (with 27.1%, 11% and 10.7% respectively), but it is the latter that takes the lead as the region most inclined to save, with 11.2%, overtaking the other two in order (at 10.9% and 10.3% respectively).

Five of the top 10 provinces in this particular ranking are located in Piedmont , with three on the podium: Biella with a 15.5% propensity to save, leading the way for 5 years, Asti in second place with 13.6%, and Vercelli in third, with the same percentage but a lower total amount saved by its citizens.

Asti stands out in particular for its propensity to save, 65% higher than the rest of Italy, despite a per capita income only about 7% lower than the national average. This peculiarity is also found in another Piedmontese province, Alessandria (fifth in the ranking), which has a per capita income just below the other provinces and a propensity to save almost 50% higher than the national average.

Overall, from 2019 to 2023 only four of the 107 Italian provinces worsened the percentage of propensity to save : Isernia (9.3% versus 9.4%), Pavia (12.0% versus 12.1%), Cremona (11.9% versus 12.1%), and Lodi (10.8% versus 11.0%).

At the bottom of this special ranking are Trapani (4.79%), Syracuse (4.66%), and Crotone (4.63%). Here is the ranking of the top 20 provinces in Italy by propensity to save:

1. Biella 15.5%
2. Asti 13.6%
3. Vercelli 13.6%
4. Modena 12.6%
5. Alexandria 12.4%
6. Varese 12.1%
7. Piacenza 12%
8. Pavia 12%
9. Cremona 11.9%
10. Novara 11.8%
11. Cuneo 11.5%
12. Milan 11.5%
13. Genoa 11.3%
14. Como 11.3%
15. Reggio Emilia 11.2%
16. Lecco 11.1%
17. Praise 10.8%
18. Bologna 10.7%
19. Turin 10.7%
20. Brescia 10.4%