Challenges for Households in Cyprus: Risk of Poverty
September 27, 2024
The Minister of Finance, Makis Keravnos, acknowledges that households in Cyprus are facing tough conditions. Despite growth and low unemployment, statistics show that 14% of the population is at risk of poverty. The middle class is also facing challenges, with a significant percentage falling into the lower-middle income category. However, support measures have provided some relief to households.