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Poverty in Italy
Poverty in the country of Italy / From Wikipedia, the free encyclopedia
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Poverty in Italy deals with the level of poverty and homelessness in the Western European country of Italy.
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The poverty rate in Italy has increased since the 2008 financial crisis.[1] In 2017, the number of people living in "absolute poverty" rose to 5.1 million, which was the highest in 12 years.[2] According to a report in 2022 by the Italian National Institute of Statistics (ISTAT), over 5.6 million Italians, comprising about 1 in 12 of the Italian population, could not afford the cost of bare essentials.[3] This was attributed mainly to inflation.[4] 3 in 10 (1.6 million; 29%) of those classes as in 'extreme poverty' were foreigners, representing approximately one-third (32.4%) of all foreigners residing in the country.[5] The 2022 report was off the back of a previous increase caused by the COVID-19 pandemic in Italy.[6]
Furthermore, according to Eurostat, by 2023, 63% of Italian households will face difficulties making ends meet, causing Italy to be one of the European countries with the most widespread economic difficulties, surpassing France, Poland, Spain and Portugal. The European average is 45.5%.[7]
The current Meloni government has previously cut anti-poverty subsidies introduced in 2019, causing protests on May Day.[8]