20% of Bulgarians Live Below Poverty Line - Report

Business | April 11, 2011, Monday // 09:55
20% of Bulgarians Live Below Poverty Line - Report: 20% of Bulgarians Live Below Poverty Line - Report 20% of Bulgarians are skipping meals over the continued impoverishment of the nation. File photo

Every fifth household in Bulgaria remains affected by the economic crisis while two thirds of the households have a hard time making the ends meet.

The data comes from a joint research of the Open Society Institute and the World Bank, cited Monday by the Bulgarian National Radio, BNR.

Compared to 2010, 5% more Bulgarians have said they expect to have a better live by the end of the year, however, the authors of the study point out the moderate optimism has no sound economic ground and the burden of the crisis is to stay for a while longer than the end of 2011.

Every second household has been affected by it at one moment or another and Bulgarians continue to limit their consumption, with 50% saving even on food and another 20% skipping meals.

According to the authors, precisely these 20% of Bulgarians live below the poverty line while another two thirds of the population earn only what they must spend for basic necessities.

The number of the layoffs still surpasses the number of the newly-hired, the study shows.

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Tags: poverty line, household, economic crisis, study, report, World Bank, Open Society Institute

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