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Minister: One in five Greeks live below the poverty line
Posted by keeptalkinggreece in Economy, Society
“One in five Greeks live below the poverty line,” said Greek Labour Minister Louka Katseli opening the works of the conference “Together against Poverty” , a conference held in the framework of the “European Year for Fighting Poverty. ”
The poverty threshold is estimated at EUR 6,000 annual income per person and EUR 13,608 in annual revenue when it comes to family of four.
This makes a monthly income of EUR 500 for single household and of EUR 1,114 for a four persons family.
According to Katseli, 22% of the people living below the poverty line are elderly, 23% are below 17 years old and 42% are unemployed.
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