Wednesday, August 31, 2011

France - Not so Egalite

Increasing numbers of French people are living in poverty and the country is suffering rising inequality, according the latest figures from the French government.

The statistics cover 2009.

Half of French households have an income of less than €19,000

8.2 million people, out of a population of 60 million lived under the official poverty threshold of 954 euros per month .

The standard of living of the richest 10 percent went up, compared with the previous year, by 0.7 percent; for the poorest 10 percent it went down by 1.1 percent. The most wealthy 10% of households live on an average of €35,840 a year.

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