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Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna
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Three out of ten residents are exposed to risk of poverty in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2014, 30.9 % of the total population of Latvia was at risk of poverty or social exclusion, which is 1.8 percentage points less than in 2013. The number of persons facing severe material deprivation has decreased rapidly – from 19.2 % in 2014 to 16.4 % in 2015.

In 2014, as population disposable income increased, at-risk-of-poverty threshold has increased – EUR 291 (EUR 260 in 2013). In 2014, 22.5 % of Latvia residents, monthly disposable income (net) of which were under EUR 291, were at risk of poverty. As compared to 2013, due to increase caused by rise in income from labour that was faster than rise in income from pensions, allowances and other payments from state budget (social transfers), the share of population at risk of poverty has grown by 1.3 percentage points. In 2014, the average monthly net wages and salaries went up by EUR 44 or 8.6 %, while monthly old-age pension grew on average by only EUR 7.06 or 2.7 %, according to results of a study conducted by the Central Statistical Bureau of Latvia in 2015.

The share of people aged 65 and older subjected to risk of poverty increased significantly in 2014 (from 27.6 % in 2013 to 34.6 % in 2014). If a person aged 65 and over lives alone, the risk of poverty in such household grew even more – from 51.1 % in 2013 to 67.4 % in 2014.

In single parent households with dependent children risk of poverty still is high and in 2014 it reached 37.0 %. In two adult households with three or more dependent children the risk of poverty is high as well – 34.5 % in 2014. Notably lower risk of poverty was observed in two adult households with one dependent child or in two adult households with two dependent children – 15.1 % and 15.9 %, respectively. During the last five years, share of children at risk of poverty varies between 23 % and 25 %, and, as compared to 2013, it has dropped by 1.1 percentage point, reaching 23.2 % in 2014.

Unemployed persons are population group at very high risk of poverty (above 50 %, except 47.9 % in 2009) every year; in 2014 indicator reached 55.0 %. At-risk-of-poverty rate among retired persons has grown rapidly – reaching 36.7 % in 2014, as compared to 29.4 % in 2013. In 2014, risk of poverty among employed persons has increased slightly, reaching 9.2 % (in 2013 – 8.1 %).

Ref: 102.109.109.9792


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