Italians at biggest risk of poverty in Europe
ROME - Italians are at the highest risk of experiencing poverty out of all European people, a gloomy statistic from Bloomberg Businessweek showed Friday. Poverty rates have continued to increase since the financial crisis of 2008, and since this year 3 million more Italians are now at risk of experiencing unlivable conditions.
In 2016, the European Union statistics arm Eurostat said that Italian families with very low income or without steady employment totaled 18 million. Bloomberg has since calculated that this reveals that Italians are living with more risk of poverty than any other country since the financial crisis.
ISTAT statistics for 2016 also show that very few families have been added to the list of those at risk, but that the relative poverty of the families already under watch has increased (from 23.1 percent to 24.3 percent).
The economic growth of the country has been relatively positive in that it is stable, but this still places Italy far behind other countries who have managed to shake off the shackles of the 2008 economic downturn.