Welfare economics

Poverty threatening children in Greece

Greece is one of the worst countries in the European Union for a child to live in, as it appears that the youngest citizens pay the highest price for the chronic inadequacies of the state, the low quality of the education system and the health system, as well as the inability of the social protection system to really and effectively support them.

The Poverty Line in Bulgaria for 2024 will be BGN 526

The Council of Ministers determined the poverty line for 2024, which will be BGN 526, BTA reported. This was announced at a briefing by the Minister of Labor and Social Policy, Ivanka Shalapatova, after the government adopted the decision at today's meeting. The decision stipulates that the new amount of the poverty line will increase by BGN 22 or 4.4%.

Some 27 percent of population ‘tenants’: TÜİK

The share of the Turkish population in rented houses was 27.2 percent in 2022, rising from 26.8 percent in the previous year, data from the Turkish Statistical Institute (TÜİK) have shown.

The share of the population living in their own dwelling declined from 57.5 percent in 2021 to 56.7 percent last year, according to TİUK's poverty and living conditions survey.

Cost of labor

The measures introduced by the government to support incomes were significant, however, they could make up for the high cost incurred by employers due to social security contributions.

In 2022: 22.9% of Bulgarians were below the Poverty Threshold of 525.92 Leva per month

In 2022, the total poverty line for Bulgaria was BGN 525.92 per household member per month. With this size of the poverty line, 1.5719 million people, or 22.9% of the country's population, were below the poverty line, according to data from the National Statistical Institute.

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