34% of Bulgarians Live in Dire Straits

Politics » DOMESTIC | September 16, 2016, Friday // 14:50
Bulgaria: 34% of Bulgarians Live in Dire Straits

Over 34% of Bulgarians live in dire straits.

Given a poverty threshold of BGN 325, 1.5 million people or 22% of the population were below this level, showed statistical data about the indicators on poverty and social inclusion for 2015.

Compared to the previous year, the poverty threshold increased by 0.6% and the relative share of the pour population rose by 0.2%.

Data for 2015 showed that if pension income is included in household income, while other social transfers (compensations, social and family benefits) are excluded, the level of poverty increase from 22% to 28.4%.

If both pension income and social transfers are excluded, the poverty level increase to 42.9% or by 20.9%

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article
Tags: pension, income, poverty threshold, poverty
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria