Poverty At An All Time High In Putin's Russian Shithole

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A Slav Named Oleg

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Jan 22, 2022, 4:50:35 PMJan 22
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Trumpers love Russia and want the USA to become a shithole just like it!


Millions more Russians living in poverty

Nearly 20 million now surviving on wages which are below the poverty
threshold according to latest state statistics

A queue to buy fresh raw meat from private vendors at a monthly street market
in Kemerovo, Russia. State statistics have revealed the number of people
living below the poverty line is increasing.

A queue to buy fresh raw meat from private vendors at a monthly street market
in Kemerovo, Russia. State statistics have revealed the number of people
living below the poverty line is increasing.

Russia’s recession-hit economy has propelled the country’s poverty rate to a
nine-year high, state statistics showed, as the country struggles to cope
with a crippling economic crisis.

An average of 19.2 million Russians – or 13.4% of the population – were
living last year on less than 9,452 roubles ($139) a month, the minimum
subsistence level determined by the Russian government in the fourth quarter.

This figure represents a 20% increase year-on-year, with an average 16.1
million people living below the poverty threshold in 2014.

More Russians have been slipping into poverty on the back of the Western
sanctions and low oil prices that have battered the country’s energy-
dependent economy and significantly diminished purchasing power.



Increasing poverty represents a setback for the Kremlin strongman, whose
popularity had long been fuelled by the growing wealth of the Russian
population as a result of high oil prices in the first decade of his
presidency.

Aided by state media, Putin has managed to maintain a vertiginous approval
rating in spite of economic woes, reaching 87% in August, according to the
Levada Centre, an independent pollster based in Moscow.
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But the pollster’s latest data shows the population’s trust in Putin has
eroded, dropping 10% over the last year to reach 73% this month.

Russia’s energy-reliant economy shrank by 3.7% in 2021 and is set to continue
suffering this year.

In September, the World Bank warned against a “troubling” increase in poverty
in Russia resulting from a sharp drop in the income of the most vulnerable
social groups including pensioners.

Nic

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Jan 22, 2022, 4:57:07 PMJan 22
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A Slav Named Oleg

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Jan 23, 2022, 2:34:30 PMJan 23
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