Why is almost half of Cyprus materially deprived?
How many of these can you NOT afford with ease?
1. Your rent, mortgage, or utility bills
2. Keeping your home warm or cool
3. An unexpected expense e.g. car or home repair
4. A week’s holiday abroad
5. Meat or protein three times a week
6. A new television, washing machine, car, or telephone.
These are the EU indicators used to calculate material deprivation. And if you cannot afford any three without financial worry, you fall into what’s known as ‘material deprivation’.
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