this post was submitted on 25 Mar 2024
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Most Russians have never lived as well as they do now. Nor do people believe that things are about to get worse. The fact that Russians are living better is evident from their outgoings. Spending at cafes and restaurants, for example, is increasing.

After the start of the war, inflation rocketed – but wages more than kept pace.

Demand for non-food goods (i.e. items where purchases can be postponed or even canceled) has recovered from its slump in the months after the full-scale invasion of Ukraine in 2022. Its rate of growth now exceeds both inflation, and wage increases.

This does not look like the sort of panic buying that happens in a crisis, when many rush out to buy whatever consumer durables they can afford. Instead, Russians appear to have sufficient confidence in their finances to take out personal loans. Consumer confidence is approaching record levels, Nabiullina told reporters on Friday.

Of course, increased prosperity is not universal. But those who have lost out are the more wealthy Russians. The average income of the richest 10% in Russian society has increased by 27% since the start of the war. While this may seem a lot, it’s the lowest rise of all 10 income groups, and barely matches the combined inflation rate for the past two years. Incomes for the poorest in society have grown much faster.

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[–] [email protected] 0 points 7 months ago* (last edited 7 months ago) (1 children)

Dear comrade, I'm regretfully informing you that just from this Wikipedia article we can tell this notion of "though terminating cliché" is complete garbage

[–] [email protected] 0 points 7 months ago (1 children)

No shit i'm trying to talk at their level.

[–] [email protected] 0 points 7 months ago (1 children)

I understand but better not feed them even more anti-communist talking points

[–] [email protected] 0 points 7 months ago (1 children)

If I posted anything else they'd be like myeeeh myeeh that's a bad source myeeh and instead of making a little progress i'd make no progress.

[–] [email protected] 0 points 7 months ago (1 children)
[–] [email protected] 0 points 7 months ago

I've got a lot of experience with this 😩