Greek average household income fell by 513 euros in 2009-2014, survey finds

The average household income in Greece plummeted by 42 percent, or 513 euros, between 2009 and 2014, according to the latest survey by the Dianeosis nonprofit think tank, which also maps out the impact of the country's financial crisis based on income and age group, gender, and professional orientation.

The survey, which was led by Polytechnic University of Milan professor Manos Matsaganis and released Monday, shows that the financial meltdown has affected the working population more severely than pensioners, young people more than old, and people with university/higher education more than other groups. It also exposes the changes to the social structure of the Greek population and the growth in inequality as a result of the crisis.

The 42 percent drop in disposable income eclipses the 26 percent reduction in GDP over the same period, the report says, "a fact that...

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