Europe 13,5% of French Citizens live under the Poverty Threshold

13,5% of French Citizens live under the Poverty Threshold

In comparison to 2008, the percentage of the people living on the poverty line has increased by 13.5 % in 2009.

According to this new research coming from the French Institute of Statistics, 8.2 million people are considered to be poor instead of 7.84 million people of 2008.

The poverty is due to the financial crisis, which is causing a greater number of unemployment. A middle class French citizen earns €10.410 per year. In comparison to 2008, this  has been reduced by 1.1 %. On the other hand, only 10% of the population is considered to be wealthy and seems to have had an income increase by 0.7% , earning €35.840 annually.

Everything indicates that everyone has been affected by the crisis, however the middle class have paid mostly.


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