Italy's Poor Almost Triple in a Decade Amid Economic Slumps
- Residents who can’t buy basic goods, services at 4.7 million
- Absolute poverty incidence up among youth, down for seniors
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Italians living below the level of absolute poverty almost tripled over the last decade as the country went through a double-dip, record-long recession.
The absolute poor, or those unable to purchase a basket of necessary goods and services, reached 4.7 million last year, up from almost 1.7 million in 2006, national statistics agency Istat said Thursday. That is 7.9 percent of the population, with many of them concentrated in the nation’s southern regions.