{"id":362671,"date":"2026-01-10T11:14:11","date_gmt":"2026-01-10T11:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/362671\/"},"modified":"2026-01-10T11:14:11","modified_gmt":"2026-01-10T11:14:11","slug":"deep-wage-and-purchasing-power-gap-in-greece-eurostat-data-highlight","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/362671\/","title":{"rendered":"Deep wage and purchasing power gap in Greece, Eurostat data highlight"},"content":{"rendered":"<p>                            <img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/01\/purchasing_power.png\" alt=\"Deep wage and purchasing power gap in Greece, Eurostat data highlight\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/01\/purchasing_power.png\"\/><\/p>\n<p>Greece ranked second-lowest in the EU in 2024 in terms of average annual adjusted full-time wages, at \u20ac18,000, narrowly above Bulgaria (\u20ac15,400), according to Eurostat.\u00a0<\/p>\n<p>Greek wages are around 55% lower than the EU average, highlighting a persistent income gap.<\/p>\n<p>The picture is even starker when purchasing power is taken into account. Greece recorded the lowest level in the EU, roughly 46% below the EU average. This indicates that low wages are compounded by reduced purchasing power, placing sustained pressure on households and gradually eroding living standards.<\/p>\n<p>Long-term income trends underline the challenge. Between 2004 and 2024, Greece and Italy were the only EU countries to record a decline in real income per capita, with Greece posting the sharpest drop, at 5%, largely reflecting the impact of bailout-package austerity. By contrast, all other member states saw real income growth over the same period.<\/p>\n<p>Social indicators further reflect this strain. Greece has by far the highest share of citizens who say they feel poor, at 67%. It also ranks among the worst performers in terms of energy poverty. In 2024, 19% of Greeks were unable to adequately heat their homes, compared with an EU average of 9%, a figure matched only by Bulgaria.<\/p>\n","protected":false},"excerpt":{"rendered":"Greece ranked second-lowest in the EU in 2024 in terms of average annual adjusted full-time wages, at \u20ac18,000,&hellip;\n","protected":false},"author":2,"featured_media":362672,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-362671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/362671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=362671"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/362671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/362672"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=362671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=362671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=362671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}