Friday, November 30, 2012

Fact of the day

 In 1998, the bottom half of the German population owned 4% of all private wealth, while the top 10% owned 45%. By 2008, the lower 50% owned only 1%, but the upper 10% had increased its share to 53%

While wages have risen in the upper areas over the past ten years, lower wages adjusted for inflation have dropped.

Four million people worked in Germany for an hourly wage of less than €7.

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The “poverty rate” in Germany in 2010 it was 15.8%. For single-parent households, it was 37.1%

Munich found that nearly a fifth of its residents lived in poverty.

Source

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