Study Shows 63% of Bulgarians Live in Poverty
A recent study conducted in Bulgaria has shown once again that the country is trailing all EU Member States in the income level of the population.
According to data of the Confederation of Independent Syndicates in Bulgaria, KNSB, the country has the lowest minimum monthly wage, the lowest average wage while the 12% unemployment rate is above the European average.
KNSB measures cost of living every three months.
Its latest data shows that in December 2012, one Bulgarian needed BGN 565 a month to cover this cost, while only 18.5% of the population had the said amount available.
The sum is by BGN 3 higher, compared to September 2012.
Nearly half of all Bulgarian households – 45% have just BGN 290 per member per month, while more and more Bulgarians are at risk of poverty and social exclusion.
23% of Bulgarians or 1.5 million people fall below the poverty line of BGN 215 a month.
48% if the income is spent on food, mainly bread and meat.
In Sofia, the cost of living is significantly higher than in other cities and towns due to the highest prices of food and rent, but the employment rate is lower and the wages are higher.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » More than 6,000 Bulgarians have been Fined for Failing to Comply with Anti-Epidemic Measures in 2021
- » Why You Are Never Private Online
- » We Pay Tribute to the Victims of the Holocaust
- » Weather in Bulgaria: Finally Warming Up
- » COVID-19 in Bulgaria: Less than 10,000 New Cases in the Last 24 hours
- » Two-Thirds of People with Omicron have been Infected with COVID-19 Before