How Retired People Live Today

Rzhanitsyna, L. S.
May 2013
Sociological Research;May/Jun2013, Vol. 52 Issue 3, p67
Academic Journal
Russians typically lose two-thirds of their income on retirement, and studies show that current pensions are not enough to enable older people to take care of their needs. They can only maintain their standard of living based on other sources, often by engaging in economic activity. The standards of consumption of retired people are higher than the subsistence minimum amount that the government takes as a benchmark in setting pension levels.


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