The Standard of Living: Incomes, Wages and Lending in Regions
Monitoring of Russia's Economic Outlook. Moscow. 2017. No. 22, pp. 10-14
5 Pages Posted: 2 Jan 2018
Date Written: December 26, 2017
In January–October 2017, households’ real disposable cash income fell by 1.3% as compared to the relevant period of 2016. It is noteworthy that real accrued wages rose by 3.0%, while the real size of assigned pensions, by 3.9%. During the fi rst three quarters of 2017, Rb 6.4 trillion worth of loans was granted to households; in nominal terms this value is equal to the level of 2013–2014. However, with the inflation rate taken into account a downturn in lending (except mortgages) amounted to about 32%, so lending could not make up for a decrease in the standard of living.
Keywords: Russian economy, living standard
JEL Classification: I31, I32
Suggested Citation: Suggested Citation