Rosstat: 40% of Russians live on less than $10 a day

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Росстат: 40% россиян живут меньше чем на $10 в день

While the Kremlin ponders what taxes to raise to combat poverty, almost half of Russia’s population continues to live in conditions similar to third world countries.

Only 8.5% of Russian citizens have a monthly income above 60 thousand rubles, Rosstat said in a report on the socio-economic development for the first quarter.

Almost two thirds (61%) live in the amount not previousoy 27 thousand rubles a month.

42,1% get less than 19 thousand rubles, equivalent to 633 rubles, or 9.9 dollar a day.

Every fourth and 26.9% have a monthly income below 15 thousand rubles, or $ 8 a day, and every seventh is below the official poverty line, receiving no more than 10 thousand rubles a month.

 

More than a third of the population is in position, close the barracks, when all income goes to food and the required fees.

In a survey conducted in March for “Monitoring” of the Ranepa, 36% of respondents reported that the money they “only enough food or not enough even for him.”

70% said that can only afford the Essentials – food and clothing, and for household appliances, for example, means no longer.

To go beyond basic needs, people have to earn credits: at the end of last year the debt of the population to banks has grown by more than a trillion rubles, and the rate of new loans compared with the year 2016 soared 10 times, indicates the head of the laboratory for financial studies Gaidar Institute Mikhail Khromov.

In the first 9 months of last year, Alfa-Bank noted the growth in purchases of goods on credit by 62%, VTB – on 26%, Sberbank – on 29%.

Loans embellish the statistics on retail sales (+1.2% in last year), but in the long term it threatens both the stability of the financial situation of households and the resource base of the banking sector Khromov notes: debt service eats up an increasing proportion of income.

Although Rosstat fixes a record jump in salaries in the public sector and the first in 2014 a steady increase in real disposable income (4.4% in March), the proportion of those who see an improvement in their wallets, almost not growing: survey of the HSE showed that in March the figure was 13% (against 10% at the end of last year).

More than a quarter – 27% – stated further deterioration of their financial situation, almost as many – 30% – believe that continues to deteriorate and the overall situation in the economy.

To see a statistically significant increase in people stopping the great recession: real wages are now 5% lower than in 2014, and the accumulated effect of the reduction of income up to 11%, says the Director of the Center for market research HSE George Ostapkovich.

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