A new opinion poll carried out in France has indicated that more than half of the people in the European country feel that they live in poverty.
The poll was conducted through telephone interview and covered 1600 French adults from July 6 to 9, 2012.
According to the survey which was conducted by the French research company, IPSOS, whose results were published on September 4, 56 percent of the respondents said they feel, to a great extent, that they are experiencing a situation of poverty in their lives.
The survey also showed that 37 percent of those surveyed, self-identify themselves as poor to a lesser extent than the first group.
The survey demonstrates that the percentage of people who felt they lived in poverty witnessed an increase of 18 percent from 2007 to 2011.
French President Francois Hollande said on September 9, that his administration may lower its economic growth forecast for the next year from 1.2 percent to 0.8 percent due to the country's faltering economy.
The French president also pledged 30 billion euros (about $38 billion) in tax hikes and freeze in public spending as part of a two-year recovery plan to tackle the rising unemployment rate and to reduce the country's budget deficit.
The rise in unemployment rate comes as Hollande had vowed to create 80,000 subsidized jobs and hire 60,000 people in the education sector as well as to create a so-called "generation contract" to encourage companies to hire young workers.
A recent opinion poll revealed that nearly 70 percent of people in France were pessimistic about the future of their country, amid the rising financial crisis in European nations.