cypriots poor — cypriots poor — According to the latest Eurostat report on income and living conditions, one in five Cypriots perceive themselves as poor. The subjective poverty rate in Cyprus stands at 20.8% in 2024, a noticeable improvement from 24.1% in 2023 and 29.6% in 2022.
- This survey is not limited to EU member states but also includes many EFTA and candidate countries, allowing for a comprehensive understanding of income and living conditions across Europe.
Cypriots poor: Positive Trend in Poverty Perception
The overall share of Europeans reporting a sense of poverty has decreased, falling to 17.4% in 2024 from 19.1% in the previous year. This change illustrates a broader trend of improving financial perceptions across the continent.
Age Disparities in Poverty Rates
The report highlights that children under 18 face the highest subjective poverty rate at 20.6%. Working-age adults, aged 18 to 64, report a slightly lower rate of 17.3%, while the elderly (65 years and older) experience the least financial insecurity at 14.9%. Improvements were noted across all age groups from 2023 to 2024, with the most significant decline observed among working-age adults, who saw a drop of 1.8 percentage points.
Comparative Poverty Levels in Europe
When examining subjective poverty rates across Europe, Greece emerges as the country with the highest levels, with 66.8% of its population self-identifying as poor. Bulgaria follows at 37.4%, and Slovakia at 28.7%. In contrast, the Netherlands and Germany report the lowest subjective poverty rates, both at 7.3%, with Luxembourg closely trailing at 8.5%.
Understanding Subjective Poverty
Subjective poverty is a measure of how individuals perceive their financial situations, encompassing various factors such as income, expenditure, and debt. The EU-SILC survey, which collects this data, provides insights into citizens’ self-assessments of their economic well-being.
Survey Scope
This survey is not limited to EU member states but also includes many EFTA and candidate countries, allowing for a comprehensive understanding of income and living conditions across Europe.
