Reuters, June 9, Milan – The chairman of Italy’s largest insurer warned on Friday that the nation’s free-falling birth rates and the emigration of the young and educated constitute a ticking “time bomb” for the nation.
At a conference put on by Algebris Investments, Generali (GASI.MI) Chairman Andrea Sironi stated, “This is, in my opinion, the problem for our country: human resources.”
The national statistics agency ISTAT said in April that 2022 was the 14th year in a row that Italian births fell below 400,000, a historic low.
When Sironi was born in 1964, there were 1.05 million births, according to Sironi. The fact that fewer Italians have degrees makes the issue worse, he continued.
“In Italy 28% of people between 25 and 34 years old hold a degree, in Europe the average is 41%, some countries are above 50%,” he stated. Read more-
