A new Nav report shows an increase in the proportion of people under 30 on a low income, and that differences between individuals are greater’.
In the Nav report, ‘Poverty and living conditions in Norway in 2016,’ it emerged that it is unemployment, primarily, that gives rise to the increasing proportion of people receiving low incomes among the under30 age group, reported VG newspaper.
The proportion on a persistently low income (measured against the EU poverty line), has increased from 7.7 percent to 9.0 percent in three years
There is also growth of the proportion of low income among single parent families, and families with children.
‘The increase in salary and economic differences has persisted since the financial crisis. Particularly worrying is the fact that for many of those under 30 years of age, it has gotten tougher financially.
Unemployment, and increased immigration are the main explanations. That’s where we need to insert the shock-cure’, said Labour and Social Affairs minister, Anniken Hauglie.
The team behind the report argues that ‘it is likely that the trend toward higher differences between the age groups will persist, both as a result of international developments and demographic conditions, but also because the recession will affect young people.’
The differences are greater, partly, because of increased investment income, and partly due to ‘a significant increase in real wealth due to growth in housing prices.’
Source: NTB scanpix / Norway Today