The rich have become richer and the poor have become poorer over the past decades.
EconomyEuropean Union
- Error detected
- The claim that 'the poor have become poorer' is not supported in absolute terms: Eurostat's at-risk-of-poverty rate fell to 14.1% in 2024, the Gini coefficient reached a new low of 29.4, and the World Inequality Database shows the bottom 50% income share has trended upward since the 2008 financial crisis.
- Omissions
- The claim presents a unidirectional narrative that omits recent improvements: Eurostat data shows the Gini coefficient hit a new low of 29.4 in 2024, indicating narrowing income inequality in recent years.
- The at-risk-of-poverty rate in the EU fell from 16.5% in 2019 to 14.1% in 2024, contradicting the assertion that the poor have become poorer in absolute terms.
- The WID data covers 'Europe' broadly, not strictly the EU, and the specific 'past decades' period is not defined by the speaker.
- The speaker cites no source, and the claim conflates relative inequality trends (rising top shares) with absolute impoverishment of the poor, which is not supported by the evidence.
- Sources
- PrimaryEurostat Statistics ExplainedIn 2024, the Gini coefficient for the EU was 29.4, a new low. The at-risk-of-poverty rate anchored to 2019 decreased across the EU, reaching 14.1% in 2024, compared to 16.5% in 2019.
- PrimaryWorld Inequality Lab — Inequality Trends in Europe (Issue Brief 2022-04)The top 10% income share has hovered close to 36% since the financial crisis, while the bottom 50% share has trended upward, but it has still to reach the pre-2008 level. Top 10% pre-tax income share rose from approximately 31% in 1980 to around 36% in 2022.
- SecondaryStatista (citing WID / World Inequality Database)As of 2024, the Gini coefficient in the EU and Eurozone has hit a new low, with values of 29.4 and 29.9 respectively. Top 10% pre-tax share of income in Europe: 31% in 1980, 36.18% in 2024. Top 10% share of total wealth: 58% in 1995, 60% in 2023.