The Cost of Living in the EU: How Much Do You Need?
5 Pages Posted: 9 Sep 2019
Date Written: June 7, 2019
This policy brief details the necessary amounts for dignified living according to official EU figures and the perceptions of Europeans, as well as the actual disposable income of families in the lower part of the income distribution across EU member states.
The research shows that households not being able to fulfil their needs is not just a question of their relative income but in some countries reflects the general low level of wages. There is a need for the Eastern European countries to move away from low wages as the main source of competitiveness.
Keywords: cost of living; low wages; income distribution; EU policy; guaranteed income; EU countries
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