Taiwan News
Date: 2016-09-04
By: Central News Agency
Households in the bottom 20 percent of the five income quintiles in Taiwan were not able to make ends meet in 2015, with the gap between their disposable income and consumption expenditure reaching an average NT$19,224 (US$607) that year, according to government statistics.
The average disposable income of the lowest 20 percent quintile was NT$320,312 last year, while its final consumption expenditure reached NT$339,536 on average, according to the data released by the Directorate General of Budget, Accounting and Statistics (DGBAS) Aug. 19.
The figures show that each of the lowest 20 percent had a deficit of NT$19,244 for the year.
The “minus saving” condition first appeared in 2007, when the disposable income of the lowest 20 percent was NT$312,145, while its final consumption expenditure stood at NT$313,309, posing a deficit of NT$1,164 in income over expenditure, DGBAS data shows. [FULL STORY]