HELSINKI, Finland — By global comparison, poverty in Finland can scarcely be characterized as having an extreme nature. That being said, the nation does have a population of 5.5 percent living below the poverty line , with an unemployment rate of 9.4 percent as of 2015. On January 1, Finland became the first nation in Europe to test Universal Basic Income. This is a system in which the government pays its unemployed citizens an unconditional monthly income meant to cover their basic costs of living.
With a current population of 5.5 million, poverty in Finland currently affects more than 300,000 […]
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