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Finland sees more low-income earners in 2024

The upper income threshold for a single-person household is around 1,500 euros per month.

People in raincoats and holding umbrellas in the rain at a market square in Helsinki.
Recent file photo of the Independence Day free dinner event for people on low incomes in Helsinki. It is organised every year by the Hursti Charitable Trust, which also runs a food distribution point. Image: Jari Kovalainen / Yle
  • Yle News
  • STT

The number of people in Finland living on low incomes grew by nearly 46,000 in 2024, according to Statistics Finland data.

On Tuesday it reported that there were more than 782,000 people living in low-income housing units, accounting for 14 percent of the country's housing population. In 2023, the share was nearly a full percentage point lower.

The number-crunching agency explained that the low-income rate indicates how much of a population lags behind the average income trend.

The agency said the low-income threshold is set at 60 percent of the country's median income level.

So, the upper threshold for a single-person household to be considered low-income is approximately 1,500 euros per month.