Europe's Income Gap: East-West Divide in Household Prosperity

New data reveals stark income disparities across Europe, with a clear East-West divide in household prosperity. Median equivalized net income ranges from around 3,000 euros in Albania to nearly 51,000 euros in Luxembourg. Long-term structural factors like historical growth and industrial development contribute to this gap, with countries relying on agriculture or basic services often seeing lower incomes. While adjusting for purchasing power narrows the gap, income inequality persists, particularly affecting households in Southern and Eastern Europe amidst rising cost of living.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.