Photo: Viktor Korotayev / Kommersant
The proportion of Russians with incomes below the subsistence minimum declined for the first time in five years. About this report “Izvestia” with reference to Rosstat.
According to the service, in 2017 the number of people living below the poverty line has decreased in comparison with the previous year by 200 thousand and amounted to 19.3 million people, accounting for 13.2 percent of the total population. This figure dropped for the first time since 2012 when the proportion of poor Russians accounted for 10.7 percent of the population.
Experts note that the decline in poverty can be attributed to the fact that the cost of living in 2017-an increase of 2.6 percent compared to 2016, while inflation over the same period was 3.7 percent.
In March 2018, President Vladimir Putin signed a law on raising the minimum wage to a living wage. Since may 1 the minimum wage is 11 163 of the ruble. According to estimates of the Ministry of labor, to raising the minimum wage would need about 40 billion rubles.
In December of 2017, the Chairman of the accounts chamber Tatyana Golikova said that more than 20 million Russians have incomes below a living wage and live below the poverty line.
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