According to a survey on the financial situation of Russian families that was conducted in February 2017 by Russian Academy of National Economy and Public Service, about 40% of Russians only have enough money for food.
According to Russian sociologists, if poverty is defined as a monthly income of less than 9956 rubles (€157), then almost one third of Russians are at risk of getting below the poverty line.
According to the Higher School of Economics’ report on social well-being of Russians, almost a quarter of Russia’s population (23%) rate their financial situation as bad, or very bad.
On June 17 Rosstat (Russia’s statistics agency – RRT) released shocking data that in the first quarter of 2016 the income of 15.7% of the population plummeted below the living wage.
