Hungary second in EU in growth of poverty risk
Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty or social exclusion from 2008 to 2013 in the 28-member EU, data released today from Eurostat reveals.
In Hungary, 3.29 million people or 33.5% of the total population were under at least one of the three criteria in 2013: at risk of poverty after social transfers, severely materially deprived and/or living in households with very low work intensity, mostly those who live 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.
The ratio rose by 5.3% from 2008, when number of people at risk of poverty or social exclusion equaled to 2.79 million or 28.2% of the population, Eurostat noted.
Ratios of people at risk of poverty or social exclusion have grown in 21 EU member states during the period. However, Hungary was in the group of only five member states where the ratio was higher than a third of the total population: Bulgaria (48.0%), Romania (40.4%), Greece (35.7%), Latvia (35.1%) and Hungary (33.5%).
The lowest shares of persons being at risk of poverty or social exclusion were recorded in the Czech Republic (14.6%), the Netherlands (15.9%), Finland (16.0%) and Sweden (16.4%) in 2013.
On the EU average, the proportion of persons at risk of poverty or social exclusion in 2013, 24.5%, has slightly decreased compared with 24.8% in 2012 but was higher than the 23.8% in 2008.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.