France heading for 10 million in poverty

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The number of people living in poverty in France is likely to top the 10 million mark in 2013, indicate the results of a report by the French national institute of statistics and economic studies, INSEE, published this month. The fast-rising trend of those falling into financial and social distress is revealed in the institute’s latest study of living standards in the country, which fell for all categories of the population, except for the richest 5 per cent, while poverty increased sharply, especially among the young. Mediapart's economics and finance specialist Laurent Mauduit analyses the disturbing figures.

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The number of people living in poverty in France is likely to top the 10 million mark in 2013, according to the indications of a report by the French national institute of statistics and economic studies, INSEE, published this month.