At-risk-of-poverty rate (%), total population and by age, 2023-2024; Credit: STATEC, LU-SILC survey on household income and living conditions

On Wednesday 12 March 2025, STATEC published its latest findings on household income and living conditions in Luxembourg.

As reported by STATEC, the latest results of the survey on household income and living conditions conducted in 2024, relating to household income in 2023, reveal that resident households experienced slightly fewer economic and financial difficulties. Nevertheless, with a poverty risk rate of 18.1% in 2024 (compared to 18.8% in 2023), almost a fifth of Luxembourg's resident population remained at risk of poverty. Among the populations particularly exposed to the risk of poverty were children under the age of eighteen.

STATEC noted that in Luxembourg, the average standard of living in 2024 was €4,867 per month and per person in the household. Around one in four children, residing in the Grand Duchy, remained at risk of poverty. These children lived in households with a standard of living of less than €2,540 per month and per person. Between 2023 and 2024, this indicator increased slightly by 0.2 percentage points to 24.1%, which is a particularly high level for Luxembourg. By comparison, the risk of poverty was 9.4% for people aged 65 or over.

The average standard of living of the 20% wealthiest people was 4.7 times higher than that of the 20% least wealthy people. This indicator has declined slightly, by 0.1 percentage point compared to 2023, but it continues to highlight an unequal distribution of income among individuals in Luxembourg. The Gini coefficient, which is another indicator used to measure the level of inequality within an income distribution, also decreased slightly, from 30.6% in 2023 to 30.1% in 2024.

STATEC explained that the standard of living of a household is obtained by dividing its disposable income after taxes and social security contributions by its “size” calculated in “adult equivalents” (according to the modified OECD scale). This adjustment makes it possible to compare the living standards of households of different sizes and compositions.

HOM