Greece’s poor are back to where they were in 1980 – The Washington Post

Well, other than the chart above. It shows how much money Greek people from the richest to the poorest 10 percent have had after accounting for taxes and inflation the past 40 years. The simple story, as you can see, is that there was a big jump for everybody after the junta was pushed out in 1974, a big stagnation from the mid-80s to the mid-90s, an even bigger jump, especially for the rich, after that, and then a big crash that’s erased 30 years of gains—or more. Greece’s rich have done a little better than the rest, with their real disposable incomes “only” falling to 1985 levels. But its poor have fallen even further, all the way back to where they were in 1980.

via Greece’s poor are back to where they were in 1980 – The Washington Post.

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