Istat: 5.6 million people still in absolute poverty in 2021

(ANSA) – ROME, JUN 15 – In 2021, just over 1.9 million families (7.5% of the total from 7.7% in 2020) and about 5.6 million are in “absolute poverty” of individuals (9.4% as in the previous year). Istat indicates this, underlining that therefore, absolute poverty “substantially confirms the historical highs reached in 2020, the year of the beginning of the pandemic due to Covid-19”. There are just under 1.4 million minors in absolute poverty (14.2%).

The cause of this substantial stability, explains Istat, is attributable to various factors, in particular, to a more contained increase in the consumption expenditure of less well-off families (+ 1.7% for 20% of families with the lower expenditure, i.e. almost all households in absolute poverty) which was not sufficient to offset the recovery in inflation (+ 1.9% in 2021), without which the share of households in absolute poverty would have dropped to 7.0% and that of individuals at 8.8%. Higher consumption, therefore, does not compensate for inflation. (HANDLE).

Source: Ansa

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