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Real income in Russia falls by over 12% in 2 years

9 Jan 2017

• 9 Jan 15:17

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Labor in Russia is now paid for only slightly higher than in India and Bulgaria, according to a study by a Russian state academy. Russians' real disposable income has fallen by 12.3 percent since the beginning of the economic crisis in 2014,writesthe TASS news agency, citing a report prepared by theRussian Presidential Academy of National Economy and Public Administration. The report concludes that the continuing fall in the population's real income has led to an increase in the poverty level, which in the January-September 2016 period was 13.9 percent. This indicator is higher than the level from similar periods in 2012-2014, says the report. In May. Read more...