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Ceturtdiena 24.08.2017 | Name days: Boļeslavs, Bērtulis
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Households spend an average of 90 LVL per month on maintenance

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Monthly housing costs have reached LVL 90, and it is 17.2% of the household disposable income.

Nevertheless, housing costs have increased for the first time since 2008 growth of the population income had exceeded the rise of the housing costs; thus housing cost ratio to the population income has diminished by 0.7%, as shown by the results of the EU-SILC survey conducted by the Central Statistical Bureau.

Housing costs are leaving a notable and negative influence on the household budget. Only 12% of the total household number are considering that housing costs are not burden at all. Housing costs are the heaviest financial burden on households that receive the lowest income. These households spent 34% of their disposable income to cover the hosing costs in 2012. Almost two thirds of households see housing costs as a heavy financial burden.

In 2012, 21.7% of the households have been in arrears due to the financial difficulties during the last 12 months. The proportion of households that were in arrears once during the time period from 2008 till 2012 was stable and close to 4 percentage points, while the share of households that have been unable to pay on time twice or more has risen from 7.6% in 2008 to 17.5% in 2012.

The greatest difficulties to pay for utility bills were faced by households consisting of one adult with children aged under 17 – 44% of such single-parent families due to financial difficulties were unable to pay on time for utility bills.

Ref: 102.109.109.6406


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