Nearly third of population at risk of poverty, exclusion

Three out of every ten Latvians are at risk of poverty or social exclusion according to latest data published Wednesday by the Central Statistical Bureau.

In a bulletin titled 'Monetary poverty and income inequality indicators in 2014' the CSB points out that while a smaller proportion of the population are facing "severe material deprivation," the number of people at risk of poverty is still growing.

The data says that in 2014, 22.5% of Latvian residents had a monthly disposable income (net) of less than €291, so were at risk of poverty.

In 2014 606,000 persons or 30.9% of the total population were at risk of poverty or social exclusion.

However the number of persons facing severe material deprivation decreased somewhat from 19.2% in 2014 to 16.4% in 2015.

The share of population at risk of poverty has grown by 1.3 percentage points from 2013 to 2014.

The share of people aged 65 and over 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%.

During the last five years, the 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.

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