In 2023, about 14% of employed households in Cyprus, totaling 127,236 individuals, are at risk of poverty, earning an annual income of €11,324 or less, highlighting the struggles of many despite having jobs. The economic landscape is stark, with 28% of the population living on less than €14,155 a year, revealing deep wage disparities and growing financial insecurity amidst rising living costs.
In Cyprus, the Arope index reveals that 16.7% of the population, approximately 153,000 individuals, are at risk of poverty or social exclusion in 2023. This stark statistic showcases the urgent need for targeted economic reforms and social programs to address the disparities faced by many Cypriots.
Child poverty in Cyprus affects 18.1% of children, around 31,000 young lives grappling with economic hardship. Advocacy groups are rallying for action in 2024 to combat this pressing issue through education, awareness, and policy involvement.
