Analysts have pointed to the emergence of a “new middle class” in Russia. It was formed under the influence of high levels of consumption and rising wages. Wages are rising to record levels for the second year in a row, experts say, and “a large number of people” have doubled their incomes.
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A “new middle class” has emerged in Russia. This was noted by Sberbank chief analyst Mikhail Matovnikov, according to RBC.
A new category of the population in terms of income appeared against the background of strong growth in consumption and rising wages, the analyst noted. Over the past year, wages in Russia have increased on average between 16% and 18%, he said.
“And this is the second year of record growth. It is clear that a large number of people have doubled their income,” Matovnikov said.
According to official data from Rosstat, in 2023 real accumulated wages in Russia increased by 7.8%.
Author:
Kirill Bilyk
Source: RB
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