Germany Faces Growing Poverty Risk Amid Economic Decline
A recent report from the Federal Statistics Office (Destatis) indicates that 13.3 million individuals in Germany, or 16.1% of the population, are at risk of poverty. This metric, defined by EU standards as living on less than 60% of the median equivalent income, has risen from 15.5% in the previous year. Specific demographics, including single individuals, single-parent households, and the unemployed, face disproportionately higher risks. Furthermore, when considering social exclusion and material deprivation, the number of people threatened by these issues stands at 17.6 million, or 21.2% of the population.
John Q. Hosedrinker