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Of: TT
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Photo: Fredrik Sandberg / TT
More Swedes have bad money, according to Eurostat. Stock Photography.
In 2019, 19 percent of Swedes ran the risk of poverty or social exclusion, according to new Eurostat statistics. This means that Sweden finishes somewhat below the EU average, but well above the other Nordic EU countries, Finland and Denmark, as well as Norway, as measured by Eurostat.
Sweden is one of the few countries where poverty is increasing, reports Europaportalen. The proportion at risk of poverty or social exclusion in Sweden is the highest since 2004, when the surveys began.
The definition of “poverty or social exclusion” includes those who earn less than 60 percent of the average disposable income in the country, as well as those who work less than 20 percent and those who cannot afford to pay less for unforeseen expenses.
The biggest poverty problem in the EU is in the Balkans. Bulgaria tops the list followed closely by Romania and Greece.
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