Incomes and the Poverty Rate: Stagnation and Cautious Optimism

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 14, pp. 17-20

4 Pages Posted: 24 Aug 2017

See all articles by Elena Grishina

Elena Grishina

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: August 23, 2017

Abstract

In June 2017, households’ real disposable cash income did not change as compared to June 2016. For the first time since January 2016 (if January 2017 is not taken into account), there was no decrease in real income. In Q1 2017, the poverty rate fell relative to Q1 2015 and Q1 2016. In H1 2017, the volume of consumer lending to individuals increased as compared to H1 2016, with lending growth being much higher in regions with a high poverty rate. As compared to 2016, people started to assess more positively the dynamics of their financial standing and the share of those who saved on food, clothes and footwear decreased.

Keywords: Russian Economy, Poverty Rate, Income

JEL Classification: H24

Suggested Citation

Grishina, Elena, Incomes and the Poverty Rate: Stagnation and Cautious Optimism (August 23, 2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 14, pp. 17-20, Available at SSRN: https://ssrn.com/abstract=3025023 or http://dx.doi.org/10.2139/ssrn.3025023

Elena Grishina (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

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