According to the National Institute of Statistics (INS), in 2015 Romania had the highest income inequality in the European Union. In Romania, income inequality is above the average across the European Union. In 2015, the richest 20% of EU citizens received incomes which were five times higher than the poorest 20%. In 2016, those living in households considered rich obtained a total volume of income 7.2 times higher than those in households considered poor.
People under the age of 65 experience the highest income inequality, compared to those over 65 who rely only on income from social security transfers. According to the quoted source, in 2016 the relative median poverty risk gap was 36.2%, so one can say that on average, poorer people had an available financial income which represented 63.8% of the poverty threshold set for this year.
What mechanisms does the European Commission have in order to achieve income equality at European level?