definitions
Poverty
personal share of household income is below the poverty line, where poverty line is 60% of the median income per capita
and
personal share of household net worth is in the lowest 20% of wealth per capita
Deep poverty
lack of decent access to: food, housing, basic utilities (electricity, water, heating)
or
personal share of household income is less than 40% of the median income per capita
Deep poverty in Transylvania
Definition
Lack of decent access to: food, housing, basic utilities (electricity, water, heating) or income is less than 1540 Eur per year (128 Eur per month).
Median income in Romania
3851 Eur per year per capita
[Eurostat, 2019 – link to source]
Definition of income
The total disposable income of a household is calculated by adding together the personal income received by all of household members plus income received at household level.
Disposable household income includes
– all income from work (employee wages and self-employment earnings)
– private income from investment and property
– transfers between households
– all social transfers received in cash including old-age pension
Excluded from this income definition are: non monetary income components, in particular value of goods produced for own consumption, social transfers in kind and non-cash employee income except company cars.
Income is reported on gross value (pre-tax).
[Eurostat – link to source]