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NewsWhore
10-13-2011, 03:10 PM
Although the Central Bank is saying that poverty has been reduced by 1.6% according to estimates contained in a household income study based on the "Work Force Survey" conducted in April 2011 by demographer Antonio Morillo Perez, a specialist in poverty, the reality remains that there are three million poor people in the country.

The study found that poverty affects 31.6% of the population now versus 33.2% back in 2010. The poorest of the poor, the indigent, make up 8.8% of the population, and although the percentage has been going down since 2005, according to the Ministry of Economy, Planning and Development, the parameters of the study were not revealed.

What was revealed by the study was the huge imbalance of income between the highest 20% and the lowest. The highest group receives 14.2 times as much income as the poorest 20% on average. However, the figure in 2000 was 19.4 times as much, so this might be a case of robbing Peter to pay Paul.

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