Poverty in Italy, one of the countries most affected by the coronavirus epidemic, reached its highest level in the last 15 years. In the country, 5.6 million people live below the absolute poverty line.
The Italian National Institute of Statistics (ISTAT) announced the leading results of the 2020 poverty study. According to the study, 5.6 million people, corresponding to 9.9 percent of the country’s population, live below the “absolute poverty line”.
The number of people living below the absolute poverty line in the country reached its highest level since 2005 in 2020.
“The epidemic caused more poverty than the economic crisis in 2008”
According to ISTAT, the proportion of families below the absolute poverty line increased from 6.4 percent in 2019 to 7.7 percent in 2020.
In the statement, it was emphasized that absolute poverty started to increase.
Noting that the COVID-19 epidemic caused much more poverty in Italy than the economic crisis in 2008, ISTAT said that in 2008 the absolute poverty line was below 4 percent for families and 3 percent for individuals.