Pensions main source of finance for half of households as income falls again

Society Tags: Income, Pensions, Poverty
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The inequality fuelled by the Greek crisis expanded even further in 2016, with three-quarters of households reporting that they were worse off quantitatively and qualitatively than before and with just under half of them claiming that they rely on pensions as their main source of income, the annual survey on income and household expenditure from the country’s largest small- and medium business association has found.

The research, conducted by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE), says that pensions account for the main source of income for 49.2 percent of Greek households in 2015, a ...

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