23 September 2018
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More than a third of Greeks face the risk of poverty

16 October 17 - RE+D Magazine
More than a third of Greeks face the risk of poverty

COMPANIES

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
In 2016, more than a third of the population was at risk of poverty or social exclusion in Bulgaria (40.4%), Romania (38.8%) and Greece (35.6%), according to Eurostat.

 

The at-risk-of-poverty or social exclusion rate has grown from 2008 in ten Member States, with the highest increases being recorded in Greece (from 28.1% in 2008 to 35.6% in 2016, or +7.5 percentage points).

Persons at-risk-of-poverty are those living in a household with an equivalised disposable income below the risk-of-poverty threshold, which is set at 60% of the national median equivalised disposable income (after social transfers).

A 17.2% of the EU population in 2016 were at risk of poverty after social transfers, meaning that their disposable income was below their national at-risk-of-poverty threshold. In the EU in 2016, 7.5% of the population were severely materially deprived, meaning that they had living conditions constrained by a lack of resources such as not being able to afford to pay their bills, keep their home adequately warm, or take a one week holiday away from home.

This proportion of persons severely materially deprived in the EU has decreased compared with both 2015 (8.1%) and 2008 (8.5%).

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