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by xyby 3993 days ago

    Meanwhile people sleep on the streets in Greece,
    from children to pensioners.
GDP in Greece is $18k per capita. Why do they sleep on the street? Where do people in Slovakia sleep? They have only $16k per capita.

I have friends in Macedonia. They have a GDP of $5k per capita. And I witness nobody sleeping on the streets, when I visit them.

Isn't Greece a relatively wealthy country, compared to several others in Europe?

3 comments

This depends on three things, doesn't it?

1) The cost of living.

2) The distribution of wealth.

3) Social safety nets.

So, if Greece has a higher relative cost of living, if the distribution of wealth is relatively more unequal and if they have a relatively worse social welfare system then, yes, they'll face hardship.

A key news story for me from a few years back was how an elderly man lit himself on fire (or hung himself? committed suicide in public anyhow) in a central square in Athens as a direct result of the hardship brought about by austerity measures. And this, in an as you say demonstratively wealthy country. Sickening.

It's the price of housing, not one's income, that determines whether people are sleeping on the streets. (Assuming that they actually are in Greece.) Plus, GDP/no_of_people is an average. Some make more, some make a lot less. Especially those 25% unemployed.
Wikipedia gives $16,138 vs $18,863 and $29,209 vs $26,773 PPP estimated for 2015, so Slovakia is actually a bit better off.
> Wikipedia gives $16,138 vs $18,863 and $29,209 vs $26,773 PPP estimated for 2015, so Slovakia is actually a bit better off.

...on average, and Slovakia also has (as far as the most recent numbers I can find) a lower Gini coefficient, so should have smaller numbers far above and far below that average.