State Statistics Service: 21 million citizens earn less than cost of living
The share of the poor increased, according to a new method of counting real incomes of the population.
About 20.9 million Russians receive a monthly income less than the subsistence minimum – 10.753 thousand rubles ($170). In the first quarter of 2019, the share of the poor rose to 14.3% against 13.9% in the same period last year. State Statistics Service (Rosstat) reports stressing that the real incomes of the population were calculated using a new methodology.
"The increase (in poverty - ed.) is explained by the outpacing growth in the subsistence minimum compared to the consumer price index," Rosstat explains.
The end of the year will face an exact estimate of the sparse population; all seasonal and annual payments are taken into account, Rosstat notes.
Russians take loans to preserve the standard of living. In May 2019, 44% of families had credit debts. According to the research of Rosstat in 2018, the minimum income of a Russian family should be 58.5 thousand rubles to be able to buy the bare essentials.
In 2017, about 11 million Russians earn less than 13.8 thousand rubles was received, according to Rosstat.