Res­i­dents’ abil­ity to cover ev­ery­day ex­penses im­proves in Latvia

In 2016, pop­u­la­tion per­cep­tion of the abil­ity to make ends meet, namely, to pay for usual nec­es­sary ex­penses, has changed pos­i­tively.

Baltic News Network - - News - Read more on bnn-news.com

In­creas­ingly more house­holds ad­mit that pay for usual nec­es­sary ex­penses with some dif­fi­culty or fairly eas­ily (rise from 45.6 % in 2014 to 49.7 % in 2015 and 52.8 % in 2016). The share of house­holds pay­ing for usual nec­es­sary ex­penses with dif­fi­culty or with great dif­fi­culty keeps de­clin­ing – from 50.5 % in to 45.1 % in 2015 and 42.1 % in 2016, ac­cord­ing to data from the Cen­tral Sta­tis­ti­cal Bureau of Latvia.

The small­est pro­por­tion of house­holds in­di­cat­ing that pay for usual nec­es­sary ex­penses with dif­fi­culty or with great dif­fi­culty was recorded in Riga and Kurzeme – 36 % and 38.4 %, re­spec­tively. More­over, com­pared to other Lat­vian re­gions, the largest share (7.8 %) of the house­holds hav­ing the most op­ti­mistic per­cep­tion of own abil­ity to pay for usual nec­es­sary ex­penses – eas­ily or very eas­ily – was ob­served in Kurzeme. How­ever, more than a half of Zem­gale and Lat­gale house­holds (51.1 % and 50.6 %, re­spec­tively) pointed out that make ends meet with dif­fi­culty or with great dif­fi­culty. Only small part of the house­holds liv­ing in these re­gions ad­mit­ted that pay for usual nec­es­sary ex­penses eas­ily or very eas­ily (3.5 % in Zem­gale and 2.9 % in Lat­gale).

Anal­y­sis of the ed­u­ca­tional level at­tained by the house­hold main bread­win­ner at work­ing age (aged un­der 64) shows that ed­u­ca­tion has notable in­flu­ence on the house­hold wel­fare. In 2016, 62.7 % of the house­holds the main bread­win­ner of which had ba­sic or lower ed­u­ca­tion paid for usual nec­es­sary ex­penses with dif­fi­culty or with great dif­fi­culty. The share house­holds with the same opin­ion was sig­nif­i­cantly larger among those the main bread­win­ner of which had at­tained higher ed­u­ca­tion – 22.8 %. More­over, 10.5 % of those house­holds ad­mit­ted that make ends meet eas­ily or very eas­ily.

The great­est dif­fi­culty to pay for usual nec­es­sary ex­penses was faced by house­holds con­sist­ing of one per­son aged over 65 and by those con­sist­ing of one adult with chil­dren.

Com­pared to 2015, the sharpest re­duc­tion in the pro­por­tion of house­holds pay­ing for usual nec­es­sary ex­penses with dif­fi­culty or with great dif­fi­culty was ob­served among cou­ples with chil­dren. In 2016, the share of such house­holds among cou­ples with three or more chil­dren fell by 8.1 per­cent­age points, among cou­ples with two chil­dren by 5.2 per­cent­age points and among cou­ples with one child by 3.6 per­cent­age points. Abil­ity to make ends meet in house­holds con­sist­ing of sin­gle per­son (aged un­der 64) re­mained al­most as much dif­fi­cult as be­fore. In 2015, 44.7 % of these house­holds paid for usual nec­es­sary ex­penses with dif­fi­culty or great dif­fi­culty, while in 2016 those were 44.1 %.

Pan­therMe­dia/SCANPIX

Newspapers in English

Newspapers from Latvia

© PressReader. All rights reserved.