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East Europe is happy with life, but many are poorer than in 1989

Financial Times writes that less than a quarter of a century vanished the so-called “gap in happiness level” between Eastern and Western Europe with similar incomes. A detailed study of 51 thousand households in 34 countries conducted by the Bank, EBRD and the world Bank, concluded that the post-Communist transition …

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Poorer than under Yeltsin?

Pensions soon, it seems, many Russians would not. And if in 1990-e years, in conditions of galloping inflation and rising unemployment, many families in the country survived due to pay in time grandma’s or grandpa’s pensions, now forced dependants will have to change the model behavior. The Russians should think …

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Russia is getting poorer acceleration

Monday, 23 may, Rosstat reported about the new sharp falling of incomes of Russians. According to the statistical Agency, real disposable incomes in April compared to the same period in 2015 (the so-called annual terms), fell by 7.1%. And if you look from January through April, the decline in real …

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The Russians were worse to work because poorer

  TriviaKing, 2009 For 25 years, the share of Russians who consider work as an unpleasant necessity, doubled. A decrease in the purchasing power of wages is perceived as a reason to reduce the labor enthusiasm. All-Russia centre of studying of public opinion (VTSIOM) presented survey data on the change …

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