Russia faces shrinking middle class, rising inequality, study finds

[Yo_Mama_Been_Loggin]

MOSCOW (Reuters) - Russia's middle class will shrink as social inequality grows over coming years, an economic study conducted by Russian experts suggested, as sanctions against Moscow and limited growth potential scupper development prospects.

The study, published this week, presents four possible scenarios for how Russians' living standards will change between now and 2030 from experts from the Social Policy Institute at Moscow's Higher School of Economics, one of Russia's leading educational establishments.

The study, based on a 2022 survey of experts from economic institutions, businesses and public organisations, states that only a combination of global economic growth and an easing of sanctions on Russia, imposed by the West because of what Moscow calls its "special military operation" in Ukraine, can improve real incomes and reduce poverty.

The middle class is set to suffer in any event, even if sanctions pressure is reduced, the study finds.

https://www.yahoo.com/news/russia-faces-shrinking-middle-class-152759712.html

[keithbvadu2]

1. As many of the up-and-coming middle class escape from Russia.

As many of the up-and-coming middle class escape from Russia.

Or get drafted with not-so-good chances of survival.

Leaving a shortage of the ordinary working class men.

https://www.democraticunderground.com/1017815477

How do Russians avoid the war and how is life in hiding or abroad? - DW News

[peppertree]

4. Many are even moving to Argentina - all its problems notwithstanding

Argentina has one of the world's most liberal immigration policies (much to the chagrin of its right-wingers), a somewhat European culture, fairly low unemployment (especially for the highly-skilled) - and while it does have 100% inflation, in dollar terms it's among the most affordable major cities in the world.

[Deuxcents]

2. Sanctions working?!

[OAITW r.2.0]

3. A country on a self inflicted death spiral.

And China is there to help!