This post, written by Bruegel's Olga Tschekassin, discusses the latest results on Europe's poverty rates, unemployment rates and income inequalities. The post is a part of the Wikiprogress Series on Jobs and Earnings.
According to the latest Eurobarometer survey on the social impact of the crisis, 80% of respondents believe that poverty has increased in their country over the past 12 months. Over 30% of respondents in Greece, Latvia, Lithuania, Bulgaria, Romania and Hungary reported that their household ran out of money to pay for ordinary bills, food and other daily consumer items at some point during the previous 12 months. These alarming numbers are reflecting the perception of European citizens. But what do indicators measuring different dimensions of poverty and inequality actually show? More...