Sunday, October 18, 2015

Fact of the Day - EU Poverty

At least 24.4 percent of the population in the European Union, some 122 million people, are at risk of poverty or social exclusion, reported the European Commission in the wake of a statistical analysis of 2014. The report takes into account the situation of people whose total household income is lower than 60 percent of the national average in the given territory.

According to EU estimates, one of every four Europeans are threatened by poverty. The crisis hit especially hard southern Europe, mainly Greece and Spain, according to statistics in the study. In 2008-2014, the rate of citizens exposed to destitution and exclusion in Greece rose to 7.9 percent while in Spain the increase was of 4.7 percent, said the report. At the end of 2014, the threat of poverty extended to 36 percent of the Greeks and 40.2 percent of the Rumanians while the percentage in Bulgaria reached 40.1.

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