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Sunday 22.04.2018 | Name days: Armanda, Armands
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43.6% of Latvian households have difficulties with making ends meet

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2017 the share of households admitting that pay for usual necessary expenses with difficulty or great difficulty constituted 43.6 %, which is 1.5 percentage points more than in 2016.

More than a half of households (51.2 %) paid for usual necessary expenses with some difficulty or fairly easily, which is 1.6 percentage points less than in 2016, whereas the proportion of households making ends meet easily or very easily almost did not change and constituted 5.1 % in 2016 and 5.3 % in 2017, according to data from the Central Statistical Bureau of Latvia.

The most positive perception of their ability to make ends meet still was observed in Kurzeme region – 7 % of the population in this region pay for usual necessary expenses easily or very easily (7.8 % in 2016), while in Riga indicator constituted 6.7 %. The most pessimistic perception, in turn, was recorded in Latgale and Zemgale regions, in which more than a half of households (55.2 % and 54.6 %, respectively) indicated that pay for usual necessary expenses with difficulty or great difficulty.

The greatest difficulty to pay for usual necessary expenses was observed in households consisting of single person aged over 65, one adult with children, as well as couples with three or more children. Out of the households of single persons aged over 65 and those of one adult with children, 63.2 % and 49.3 %, respectively, admitted that make ends meet with difficulty or great difficulty.

In 2017, Latvia population pointed out that one household member would need at least EUR 509 monthly to make ends meet. It is almost the same amount mentioned in 2016 when Latvia population indicated that one household member would need at least EUR 510 monthly, and household disposable income constituted 85.7 % of the sum, reaching EUR 437 per household member monthly.

In 2016, households having lower income (belonging to the 1st and 2nd quintile group) were those that were not able to make ends meet the most often and were indicating significantly smaller sums that would be needed to pay for usual necessary expenses. Households of the 1st quintile group mentioned that one household member would need at least EUR 359 monthly to make ends meet, and 2nd quintile households mentioned that they would need at least EUR 436 monthly. However, disposable income of the mentioned households lacked behind the minimum needed sum notably. Disposable income of the 1st quintile group households constituted 42.9 % of the minimum sum to make ends meet, reaching EUR 154 per household member monthly. Situation in households belonging to the 2nd quintile group was slightly better – disposable income in this quintile group reached 61 % of the minimum sum to pay for usual necessary expenses, reaching EUR 266 per household member monthly.

In 2017, 68.3 % of the poorest households (1st quintile group) paid for usual necessary expenses with difficulty or great difficulty. The share of such households among richest households (5th quintile group) was notably smaller – 13.4 %. Moreover, compared to the households belonging to the two bottom quintiles, households of the top quintile indicated significantly higher sum needed to make ends meet – at least EUR 711 per household member monthly.


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