OECD study: Greek middle-classes lost an average of 6% in annual income during crises years
A new global study by the Organisation for Economic Co-operation and Development (OECD), released on Wednesday, shows that middle-class incomes in crisis-battered Greece for households hover from nearly 8,000 euros to just more than 21,000 euros per year, a figure amongst the lowest for European OECD member-states.
The study, entitled “Under Pressure: The Squeezed Middle Class”, notes that average middle-class incomes for households in Greece after 2008 fell by nearly 6 percent annually.
In Greece, additionally, households with average incomes correspond to 59 percent of the population and receive 70 percent of state benefits, while low-income households correspond to 32 percent of the population and receive 15 percent of benefits.
The entire study can be found here:
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