Germany is one of the world's wealthiest nations. But a growing number of people live in poverty. The gulf between rich and poor is growing ever wider.
In 2021, Germany was ranked the 20th richest country in the world, measured by GDP per capita. This means that if you add up the value of all the goods and commodities produced in a country and divide the figure by the number of inhabitants, you get $50,700 (€52,200) per person per year in Germany on average.
Over 16.5 percent of people in Germany were at risk of living in poverty in 2021.
Just over 17.3 million people in Germany were affected by poverty or social exclusion in 2022. This equated to 20.9% of the population, the Federal Statistical Office (Destatis) reports on the basis of first results of the survey on income and living conditions (EU-SILC).
Iceland stands at the top of countries with the lowest poverty rates with a poverty rate of 4.9% in 2021.
Poor People Are Still Sicker Than The Rich In Germany, Despite Universal Health Care. In Hamburg, Germany, estimated life expectancy in the city's poorer neighborhoods still trails wealthier neighborhoods by 13 years.
The Federal Government acknowledges that homelessness in Germany is caused by multiple factors, "such as financial, domestic, and individual psychosocial reasons" and that it is not merely rooted in the lack of affordable accommodation According to Global Homelessness Statistics, "Around 50% of poor households spend ...
In 2018, almost one in six people (15.8%) lived below the at-risk-of-poverty threshold in Germany. In 2018, the threshold stood at 1,040 euros per month for a one-person household, and at roughly 1,352 euros for a one-parent household with one child (under 14 years).
Estimation of the number of homeless people in Germany 1995- 2020. In 2020, there were an estimated 256,000 people in Germany who were homeless, this however, did not include refugees.
It pointed out that the COVID-19 pandemic, the explosion in energy prices and high inflation have exacerbated the poverty in Germany over the past three years. "In 2019, more people in Germany were affected by poverty than ever before," said the authors of the report.
The poverty rate in Germany rose to a record high of 16,6 percent in 2021, the welfare association announced. “Accordingly, 13,8 million people in this country must currently be counted among the poor, 600.000 more than before the pandemic,” the association said.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities. [Explore the top universities in Australia.]
In 2017, according to the PHF study, households in Germany pos- sessed average gross wealth of €262,5001 and average net wealth of €232,800 following de- duction of debt. If households are grouped in ascending order according to their net wealth, the median can be determined, amongst other things.
In our previous article on which country has the lowest rate of homelessness, Japan was determined as the country with the smallest percentage of people experiencing homelessness in the world, with a rate of 0.003%, which is approximately 1 in every 34,000 people.
Wrapping it up. In short, the country with the highest rate of homelessness worldwide is Syria, with thirty-seven and a half per cent of their population living without a proper home. However, Nigeria has the highest number of homeless people, with 24,400,000 citizens without proper living quarters.
As we can see, Germany and Slovakia have the largest homeless population per 10,000 people. Homelessness has increased a lot over the recent years in Germany. It is believed that this is largely caused by increasing numbers of homeless refugees and migrants.
One reason for the low scoring in median wealth could be because there are far lower levels of home ownership in Germany compared to other European countries such as France.
Data published by the Institute for German Economy found that any single person earning 3.700 euros per month after taxes is considered part of Germany's rich, in the top 10 percent of earners.
Since the 1980s, income inequality in Germany has been rising. According to the German think-tank DIW, a typical citizen in the upper 1% of earnings in Germany holds a personal wealth of at least 800,000 euros ($1.09 million), whilst over 25% of all adults have either no wealth or negative wealth due to debt.
Poverty in Haiti is regarded as among the most severe in the Western hemisphere.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
The economy of Poland is an industrialized, mixed economy with a developed market that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). Poland boasts the extensive public services characteristic of most developed economies.