Study: 1 in 5 Germans is ‘at risk of poverty’ despite record employment

Sharing is Caring!

Is this the fault of bad socialist policy ?

“Germany may be Europe’s biggest and strongest economy and is enjoying record employment, but one fifth of its citizens are struggling to make ends meet, a new study reveals.

Some 15.5 million people or 19 percent of the population in Germany were “at risk of poverty” or “social exclusion” in 2017, the Federal Statistics Office said.

See also  RECORD REVERSE REPOS EXPLAINED- WHO IS THE FED LENDING MONEY TO?

Even though the unemployment rate in Germany has fallen to record lows, many people still do not earn enough to pay their bills and keep themselves above the poverty line. Some 13.1 million Germans, roughly 16.1 percent of the population, are threatened by poverty precisely because of their low monthly income, the federal statistics bureau says.

See also  STUDY: Americans Are Increasingly "Fleeing" California And New York For Florida And Texas

3.4 percent of the population were considered as threatened by poverty as they struggled to pay their rent on time, heat their homes adequately, travel on vacation or even to regularly get a substantial meal due to a lack of financial resources.”

Read more: www.rt.com/news/442901-germany-p…k-poverty/

577 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.