site.btaIn 2023, Bulgaria Had EU's Largest Disparities in Risk of Poverty Considering Childhood Financial Situation of Household

Bulgaria reported the largest disparities in the EU in the risk of poverty considering the childhood financial situation of the household. In 2023, 48.1% of Bulgarian adults aged 25 to 59 who reported bad financial situation in their household around age 14 were at risk of poverty, compared with14.4% of those who reported a good financial situation, Eurostat said on Wednesday.

In 2023, 20.0% of adults aged 25 to 59 in the EU, who reported having a bad financial situation in their household around the age of 14, were at risk of poverty, compared with 12.4% of those who described their household's financial situation at that age as good.

Romania showed similar figures to Bulgaria's, with 42.1% and 14.6%, respectively. Italy followed with 34.0% compared with 14.4%.

In contrast, Denmark was the only country where adults who lived in financially disadvantaged households did not face a higher risk of poverty later on: 8.5% for those from households with bad financial situation against 8.9% for those with good financial situation.

Thесе data show that socio-economic and financial situation during the teenage years of a citizen of an EU Member State might affect the standard of living in adulthood, Eurostat said.