Crisis hits the poor hardest

Crisis hits the poor hardest: OECD

  • Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years
  • The welfare state has cushioned the blow for many but warns that further social spending cuts in OECD countries risk causing greater inequality and poverty in the years ahead
  • The richest 10 per cent of the population in OECD countries earned 9.5 times the income of the poorest 10 per cent in 2010, up from 9 times in 2007
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