Are the French rich … ?

According to L’Insee (Institute National de la Statistique et des Études Économique) – National Institute for Statistics and Economic Studies – the French are far from rich. In their 2011 edition of Revenus et patrimoine des ménages published Thursday, April 28, they state that half of French households must live on less than €1580 monthly. […]

Beautiful Paris ...

According to L’Insee (Institute National de la Statistique et des Études Économique) – National Institute for Statistics and Economic Studies – the French are far from rich.

In their 2011 edition of Revenus et patrimoine des ménages published Thursday, April 28, they state that half of French households must live on less than €1580 monthly. That is $2348 or £1410. That amount is also given as the average income in France.

But read on:

Ten percent of households have a monthly income of less than €876 – $1302 or £781.

Below this amount is poverty.

And 35% of unemployed, 30% of single-parent households and 20% of households where there are more than three children have a lower income than that. In other words, those people are classified as poor.

There are 23.5 million people in employment in France, and 6.4% of them do not earn enough to be classified as ‘not poor’.

 

 

 

 

 

Marilyn Z. Tomlins

One Response to “Are the French rich … ?”

  1. 1
    Jo Wake Says:

    Its like unemployment figures. Nice to know they are going down, but if you are one of the 6% (or whatever the figure is) it doesn’t mean anything to you, you are still out of work. It must be even harder in Europe where things are so very expensive and those salaries you quoted are not very high.

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