Italy Records Europe's Biggest Rise in People at Risk of Poverty
- Since 2008 affected individuals increased by over 3 million
- Last year almost one out of three Italians was found at risk
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Italians at risk of poverty rose by more than 3 million since the 2008 financial crisis, marking the biggest increase among European nations. The trend continued last year despite the country’s return to economic growth.
In 2016 Italians classified under European Union statistic rules as families with a very low income or without steady employment totaled 18 million, according to statistics office Eurostat. Both the rise in the nine-year period and the total number were the biggest among the EU member countries, Bloomberg calculations based on those data show.