Saturday, December 8, 2018

Over 1 in 4 in Italy risk poverty

According to the latest reports, there's both bad news and good news to be had, from the stats agency ISTAT.  

Thursday’s estimates from the statistics agency who that over 1 in 4 Italians were at risk of poverty or social exclusion during the year 2017.  

The proportion of Italians considered ‘at risk’ fell from 30% down to 28.9% showing some improvement over the previous year, 2016.  

The good news derived from their report's that ‘seriously deprived households’ has dropped from 12.1% to 10.1%.  

Other figures in the report are:

-The % of Italians at risk of poverty dropped from 20.6% to 20.3%.
-The income of the poorest 20% of the population increased by 7.7% in 2016 compared to 2015.
-Earnings of the wealthiest 20% went up 1.9% in 2016 compared to 2015.
-Earnings of the wealthiest were 5.9-times higher than those of the poorest, down from 6.3-times in previous years.

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