Terms and explanations
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The available assets within a household comprise the financial means at the disposal of the household, the value of products used for personal consumption from one's own production and the value of consumer credits and loans raised and realized during current year.
The used assets of the household include its expenditures for purchasing goods and services for personal consumption, the value of the consumption from one's own production and the refunded part of the consumer credits and loans.
The poverty line is defined as a level of living standard which should be attained for a person/household not to be classified as poor.
Laeken poverty indicators are internationally comparable poverty data, based on Survey of Income and Living Conditions, conducted by European Union recommendations. The source for poverty calculations are incomes, poverty threshold is defined on 60% of median national equivalised income.
A household is every family or other community of people that live together and spend their incomes together in order to cover their basic needs (those for living, food, etc.) regardless of whether all the members of the household are continually present in the place of residence or whether some of them are staying for a longer time in another place or country for purposes of employment, education or other reasons, but not longer than 1 year.
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