Madrid in the clutches of poverty: 20% at riskby Mattia Rosini - 2014.06.16
In Madrid, over 1 million people live on €484 per month, most of them (760,000) have just €242 monthly income. These figures were released by EAPN Madrid, which presented last week its annual report on the risk of poverty and social exclusion in Madrid and its region. On the whole, in Comunidad de Madrid there are 1.3 million people who are at risk of poverty or under the threshold for poverty, as many as 20.3% of the population – especially women. The severe poverty rate is nearly 17%, while absolute poverty is about 12%. These rates increased since crisis, as did social inequality.
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