|Updated: 20.3.2013 - Next update: 20.3.2014|
Number of people at risk of poverty 704,000 in 2011
Statistics Finland's income distribution statistics indicate that a total of 704,000 persons were at risk of poverty in 2011. This is 13.2 per cent of the population. The number of children aged under 18 living in low income households was 120,000, which is 11 per cent of all children. The at-risk-of-poverty rates (poverty risks) of both the whole population and population subgroups have remained unchanged in recent years.
A person whose household income per consumption unit 1) is less than 60 per cent of the median income is considered living at risk of poverty. This income threshold was approximately EUR 13,640 per year, or EUR 1,140 per month, in a one person household in 2011.
The at-risk-of-poverty rates were highest for unemployed persons, of whom 44 per cent were at risk of poverty. Also other non-employed persons had high poverty risks: the at-risk-of-poverty rate of students was 27 per cent and that of pensioners 19 per cent.
Poverty risks can also be viewed with a fixed low income
threshold set to that of some preceding year. This fixed threshold
does not change yearly. A fixed low income threshold describes
better how poverty risk develops during weak economic growth.
Calculated with a fixed low income threshold of 2005, the
at-risk-of poverty rate declined until 2009, but has after that
remained unchanged. In 2011, the number of people at risk of
poverty calculated with the fixed low income threshold was around
500,000 and the share of the population 9.4 per cent.
Statistics Finland / Income distribution statistics
Description of indicator
Low-income earners (persons at risk of poverty) are considered those whose household's total disposable money income per consumption unit (so-called equivalent income) is lower than 60 per cent of the equivalent median income of all households. The proportion of those below this income threshold is called at-risk-of-poverty rate. The euro-denominated threshold for low income varies by year.