One out of every five people is experiencing financial difficulties or in danger of being in the danger of social exclusion. This ratio was around 19 percent in 2017, so there was an increase.
GERMANY Federal Statistics Office Announced Revenue and Living Conditions!
In 2024, 17.6 million people representing 20.9 percent of the German population were affected by the risk of poverty or social exclusion. In other words, one in five people suffered a problem of poverty or social exclusion.
In 2017, 15.5 million people representing 19 percent of the German population were affected by the risk of poverty or social exclusion.
Destatis announced!
The German Federal Statistics Office (Destatis) takes into account the three main criteria in determining this: income under the poverty line, serious material deprivation and very low work density.
People who meet these criteria are considered to be the risk of poverty or social exclusion.
2024 Gross National Product (GSMH), calculated as a 5.5 trillion euros, 13.1 million people lived below the poverty limit last year, which corresponded to approximately 15.5 percent of the population last year.
Poverty Limit Determined!
According to the European Union (EU) criteria, if a person has less than 60 percent of the total income of the total population, it is accepted under the risk of poverty. For a single person living in Germany in 2024, the risk of poverty risk was determined at 2 thousand 893 euros per month for 2 adults with two children under 1,378 euros per month and two children under the age of 14.
In 2024, five million people were influenced by significant material and social deprivation.
The absence of financial resources causes difficulty in paying the rents of the inhabitants of the poverty boundary, home loans or substitutes, heating their homes sufficiently or financing a one -week holiday.
According to experts, the increase in house prices and rents in big cities in Germany is pushing people to poverty. This shows how deeper the income inequality is even in a country with a strong economy like Germany.