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HSE: Russia 2019, it will be the fifth year of falling real incomes

ВШЭ: в России 2019-й станет пятым годом падения реальных доходов населения

The growth rate of wages of Russians in 2018, was insufficient to compensate for the drop in real incomes, this is stated in the review of the Higher school of Economics “Comments on the state and business”, RBC.

According to economists, next year the rate of increase of salaries will fall sharply, and real incomes of Russians too.

According to the review, the economist Svetlana Misikhina, 2018 may become a fifth year of falling real disposable incomes, that is incomes adjusted for inflation. In January—November 2018 the real income of Russians fell by 0.1% in annual terms.

At the same time, says the economist, if the negative dynamics of the indicator remain in December, contrary to expectations of the authorities, the real incomes of Russians in 2018 will again be reduced.

So in the first three quarters of 2018, the growth in real wages was 10.2%, 7.6% and 6.3% respectively. This was due to a temporary increase in payments to employees in the budgetary sector before the election of the President of Russia. From January to September, their salaries increased on average by 27.4%, and the number of employees decreased by 5.1%.

In October, the spending began to grow faster, but significantly increased the level of debt load of Russians.

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