Poverty Rates in the West

[Mike_Hunt]

In 2023, approximately 21% of the EU population, or 94.6 million people, were at risk of poverty or social exclusion, a slight decrease from 22% (95.3 million) in 2022. 

 

In 2024, approximately 13.4% of Australians, or 3.3 million people, lived below the poverty line, defined as 50% of the median household income, including 761,000 children. 

 

In 2023, the official US poverty rate was 12.7%, with 36.8 million people living in poverty, a slight decrease from 2022. 

 

 

I figured the EU rate would be lower.  The Europeans act like their <deleted> doesn't stink. 

 

[hotsun]

11 minutes ago, Mike_Hunt said:

 

 

 

I figured the EU rate would be lower.  The Europeans act like their <deleted> doesn't stink. 

 

Not me. They are called europoors for a reason

[Mike_Hunt]

I'm surprised the Germans fall behind the rest of the EU in wealth per person. While you are at it, look at Russia.  That's phatheic.

[Mike_Hunt]

Adding the UK

 

In 2024, the poverty rate in the UK, measured by the Social Metrics Commission (SMC), reached a 21st-century high, with nearly one in four people (24%) living in poverty, an increase of 2 percentage points since 2019/20. 

 

[Cameroni]

15 minutes ago, Mike_Hunt said:

I'm surprised the Germans fall behind the rest of the EU in wealth per person.

 

I am not, billions paid to the Jewish Materials claim conference, billions paid to Poland, Czechia, Hungary, Lithuania, Estonia, Latvia and now Ukraine.

 

I am surprised the Germans have any money left at all.

[blaze master]

As long as I get my pension every month toss everyone else. 

[Mike_Hunt]

 

In 2023, the EU spent approximately 26.8% of its GDP on social protection benefits, which amounted to €4.583 trillion. 

 

 

The EU spends a pile of money with bad results. 

 

 

 

 

 

 

 

[placeholder]

10 hours ago, Mike_Hunt said:

 

 

In 2023, the EU spent approximately 26.8% of its GDP on social protection benefits, which amounted to €4.583 trillion. 

 

 

The EU spends a pile of money with bad results. 

 

 

 

 

 

 

 

 

False. That's the total of what countries in the EU spent on social protection benefits. The E.U. budget for that year was €186.6 billion

https://www.consilium.europa.eu/en/policies/eu-annual-budget/2023-budget/#:~:text=EU budget for 2023%3A Council,amount to €168.6 billion.

[Lacessit]

12 hours ago, Mike_Hunt said:

In 2023, approximately 21% of the EU population, or 94.6 million people, were at risk of poverty or social exclusion, a slight decrease from 22% (95.3 million) in 2022. 

 

In 2024, approximately 13.4% of Australians, or 3.3 million people, lived below the poverty line, defined as 50% of the median household income, including 761,000 children. 

 

In 2023, the official US poverty rate was 12.7%, with 36.8 million people living in poverty, a slight decrease from 2022. 

 

 

I figured the EU rate would be lower.  The Europeans act like their <deleted> doesn't stink. 

 

The OP compares apples and oranges.

 

The US figure looks as if it is based on the SNAP food program.

 

In Australia the poverty line is 50% of median household income. It takes no account of savings.

 

I am below that poverty line, in terms of income.

 

Living in Thailand, I have two dwellings, two cars, and two scooters. Plus substantial cash savings in Thailand and Australia.

 

It's a flawed comparison, as different metrics are used.

[Airalee]

15 hours ago, Lacessit said:

The OP compares apples and oranges.

 

The US figure looks as if it is based on the SNAP food program.

 

In Australia the poverty line is 50% of median household income. It takes no account of savings.

 

I am below that poverty line, in terms of income.

 

Living in Thailand, I have two dwellings, two cars, and two scooters. Plus substantial cash savings in Thailand and Australia.

 

It's a flawed comparison, as different metrics are used.

Median household income in Australia is what?

 

Here is what AI dug up on median savings (NOT average(mean) which is skewed upwards because of the rich.

 

•  
• Savings by Age Group:

  • Under 17s: Have $3017 in savings on average, with a median of $2729. 
     
  • 18 to 24-year-olds: Have an average of $13,069 and a median of $2,410 in savings. 
     
  • 25 to 44-year-olds: Have an average of $29,769 and a median of $811 in savings. 
     
  • 45 to 54-year-olds: Have an average of $52,836 and a median of $1,429 in savings. 
     
•  

So.   How much savings do you think those who are below 50% of median household income have?  Probably not enough to make a bit of difference,

[Lacessit]

8 hours ago, Airalee said:

Median household income in Australia is what?

 

Here is what AI dug up on median savings (NOT average(mean) which is skewed upwards because of the rich.

 

•  
• Savings by Age Group:

  • Under 17s: Have $3017 in savings on average, with a median of $2729. 
     
  • 18 to 24-year-olds: Have an average of $13,069 and a median of $2,410 in savings. 
     
  • 25 to 44-year-olds: Have an average of $29,769 and a median of $811 in savings. 
     
  • 45 to 54-year-olds: Have an average of $52,836 and a median of $1,429 in savings. 
     
•  

So.   How much savings do you think those who are below 50% of median household income have?  Probably not enough to make a bit of difference,

If AI could give you the savings, it could also give you the median household income.

 

The point of my post is to illustrate a difference in the way poverty rates are measured in different countries.

 

The point of your post is an exercise in off-topic trolling.