Economy of The United Kingdom - Poverty

Poverty

The United Kingdom is a developed country with social welfare infrastructure, thus discussions surrounding poverty tend to be of relative poverty rather than absolute poverty. According to the OECD, the UK is in the lower half of developed country rankings for poverty rates, doing better than Germany, Italy and the US and less well than France, Austria, Hungary, Slovakia and the Scandinavian countries.

The poverty line in the UK is commonly defined as being 60% of the median household income. In 2007–2008, this was calculated to be £115 per week for single adults with no dependent children; £199 per week for couples with no dependent children; £195 per week for single adults with two dependent children under 14; and £279 per week for couples with two dependent children under 14. In 2007–2008, 13.5 million people, or 22% of the population, lived below this line. This is a higher level of relative poverty than all but four other EU members. In the same year, 4.0 million children, 31% of the total, lived in households below the poverty line, after housing costs were taken into account. This is a decrease of 400,000 children since 1998–1999.

Read more about this topic:  Economy Of The United Kingdom

Famous quotes containing the word poverty:

    Museums are just a lot of lies, and the people who make art their business are mostly imposters.... We have infected the pictures in museums with all our stupidities, all our mistakes, all our poverty of spirit. We have turned them into petty and ridiculous things.
    Pablo Picasso (1881–1973)

    People with a culture of poverty suffer much less from repression than we of the middle class suffer and indeed, if I may make the suggestion with due qualification, they often have a hell of a lot more fun than we have.
    Brian Friel (b. 1929)

    Poverty at home is not a problem, but poverty on the road can be fatal.
    Chinese proverb.