Τhe 40% of deprivation

Poverty is no longer due to unemployment, as was the case in the past. It has become a structural element of the functioning of the Greek economy, an economy that massively produces the new poor - people with jobs who earn meager wages.

So how many Greeks are struggling to get by despite one or possibly even two wages coming into the family each month, and run out of money long before the month is over? Two independent surveys, a public opinion poll and an economic study, estimate that this is the case for about 40% of Greek households.

Both surveys were presented at the event organized by the Alexis Tsipras Institute on October 22. The poll, conducted by Metron Analysis, showed that 44% of households are barely making ends meet, while 40% run out of money before the end of the month. This is true for 66% of working-class households. The paper presented by researcher...