Americans are more at risk of poverty than Bulgarians

[[MC]Ronin[MC]]

Despite the improvement in the labor market, the risk of poverty in many industrialized countries is not diminishing

Residents of the United States and Israel are most at risk of poverty, ahead of even Bulgarians on this indicator.

This is the result of the Social Justice Index survey of the German Bertelsmann Foundation.
 
According to him, youth unemployment in Germany is one of the lowest in the world.

Despite the improvement in the labor market, the risk of poverty in many industrialized countries is not diminishing, the analysis concluded.

Almost ten years after the onset of the global financial crisis, the average unemployment rate in some 41 EU and OECD countries fell slightly below the pre-crisis level of 2008 for the first time.

 

However, in the 25 countries surveyed, the risk of poverty remains unchanged or even increased, according to the BGNES.
 
The Fund's experts rank among those potentially at risk of poverty as people with less than half of the average income in each country.
 
In particular, according to the study, the best options for avoiding problems are in northern countries such as Iceland, Norway, Denmark and Finland. Germany ranks 10th in this list, the UK 11th, France 15th.

It is difficult to divide the poor and the rich

At the end of the list is the United States (36th), followed by Chile, Bulgaria, Romania, Turkey and Mexico. In addition, people in Israel (17.9 percent of the po[CENSORED]tion) and the United States (17.8 percent) are most at risk of poverty.

Germany's relatively good place on this list is based largely on successful labor market indicators, the study notes.

In addition to the declining overall unemployment rate in Germany, youth unemployment is one of the lowest in the world - 6.2 percent.
 
At the same time, although overall the employment rate increased from 73.5 to 75.9 percent from 2013 to 2018, the risk of poverty for German citizens increased from 9.4 to 9 over the same period, 8 percent.

The poverty risk for the elderly in Germany is 9.7 percent, the highest level in ten years. In addition, the risk of poverty among children and adolescents is 7.6 percent.