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Gap between the rich and poor narrows, latest statistics show

Gap between the rich and poor narrows, latest statistics show

The gap between high- and low-income families in Taiwan continues to narrow as a result of the government's expansion of its expenditures on social welfare programs, according to a report by the Cabinet-level Directorate General of Budget, Accounting and Statistics.
According to the report, which was published yesterday, the disposable income for an average family in Taiwan for 2007 was NT$924,000, up 1.2 percent from the 2006 figure.
If family incomes were to be divided into five categories, the average income for a family in the top 20 percent was NT$1,867,000, 5.98 times higher than those for a family at the bottom 20 percent, which was NT$312.000.
The gap between incomes for rich and poor families was smaller in 2007 than 2006 when rich families received 6.01 times more money than poor families. The gap reached its peak in 2002 when rich families got 6.39 times more money than poor families, but since then the gap has come down.


Updated : 2021-05-18 14:05 GMT+08:00