Fewer workers at risk of poverty again

Fewer workers at risk of poverty again

Just over 900 thousand people lived in households below the low-income threshold in 2020, 376 thousand of whom had been living for at least four years in a row (2.4 percent of the population). Despite the corona crisis and the economic downturn, the decline in the poverty risk continued in 2020. The low-income threshold stands for a fixed amount of purchasing power and is adjusted annually for price developments. In 2020, the limit for a single person was EUR 1,100 per month. For a couple without children it was EUR 1 550, and for a couple with two minor children EUR 2 110. For a single-parent family with two minor children, this limit was €1,680.

Seventh year of decline

Of the 7.8 million 15- to 75-year-olds with an income mainly from paid work, 147 thousand people (1.9 percent of all employed persons) were part of a household with an income below the low-income threshold in 2020. In 2013, this was still 3.5 percent. From that moment on, the percentage of working people at risk of poverty fell by an average of 0.2 percentage point per year. The poverty risk among employees was by far the smallest at 1.2 percent in 2020. The percentage was more than twice as high among self-employed people with staff (ZMPs) (2.8 percent) and among self-employed people without employees (ZZPs). it is almost five times as large (5.9 percent).

In 2020, a smaller proportion of the employed were at risk of long-term poverty (an income below the low-income threshold for at least four years) than in 2019 and 2018. The decrease was entirely due to reduced long-term poverty risks for ZMP and self-employed persons , amounting to 0.3 and 1.1 percent in 2020. The long-term risk of poverty among employees was unchanged at 0.3 percent in these years.

Employees are the largest group of workers at risk of poverty. In 2020, 81 thousand employees, 8 thousand self-employed persons and 57 thousand self-employed persons had a low income.

Higher poverty risk with fewer working hours

Part-time workers have a higher (long-term) poverty risk than full-time workers. Self-employed workers who work part-time are particularly at risk. Among the part-time self-employed persons, 17.4 percent belonged to a household with an income below the low-income threshold, among the part-time self-employed persons this was 17.0 percent. Of part-time employees, 2.8 percent were at risk of poverty, and 0.5 percent among full-time employees. The risk of long-term poverty was minimal in all three groups of full-time workers. Among part-timers, the self-employed ran significantly more risk than employees.

Fewer workers at risk of poverty again
Source link Fewer workers at risk of poverty again

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