Russia : living standards and inflation.

Membre Joined: Jan 26, 2006 Posts: 18 Location: France

here is information may be also useful :

Today, more than one-third of Russians (38%) think that their living standards have dropped lately (half of the respondents over 55); while 45% of those surveyed do not note any changes in their financial position, and only 15% note improvements (young people and Muscovites were most likely to do so).

At the same time, the majority of Russians (60%) say that their incomes have increased in the last year. One-third of those surveyed (35%) say their family’s income has not changed over the last year, and 5% found it difficult to answer the question. Few people think that such an increase in people’s income outstrips the rate of price growth (4%) or is at least commensurate with it (6%). Half of Russians (50%) say that their incomes have increased, but less so than the rate of inflation.

Membre Joined: Feb 14, 2008 Posts: 3

Hi Sophie,

That was an excellent analysis and I totally agree with you. As a matter of fact, Russia is not the only country facing these issues. Almost every developed country is having this challenge. Places like Singapore, USA, Hong Kong, just to name a few have this problem. The cost of living increases while the household income per capita is not gaining as fast. It will be even more painful when recession hits USA. Bernanke can keep cutting the interest rates but all it does is just to slow down the inevitable.

Ladies and Gentlemen of all nations, let's brace for another impact(recession). Earn as much $$ as we can. If we need to internationalize, do so.