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

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Russians’ official disposable income has fallen by 12.3 percent since the beginning of the financial crisis in 2014, writes the TASS news agency, citing a sign in pre red by the Russian Presidential Academy of National Economy and Public Conduct.

The report concludes that the continuing fall in the population’s real revenues has led to an increase in the poverty level, which in the January-September 2016 period was 13.9 percent. This summons is higher than the level from similar periods in 2012-2014, expresses the report.

In May 2016 the average monthly salary in Russia fell to $500, which is inferior the average monthly salary in China, according to Russia’s largest bank Sberbank.

RBTH has acquainted with the Average Monthly Disposable Salary by Country rankings, which was positioned by the Numbeo.com resource, to com re the average monthly income in Russia with that of the BRICS mountains, as well as nations in Western and Eastern Europe and the United States:

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