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80% of Ukrainians Now Live Below the Poverty Line

by Systematic

street_children_ukraine_610
Street children in Ukraine face harsh winter this year (2014). (Caritas Ukraine)

Via Russia Insider:

According to the United Nations more than 80 percent of Ukrainians are under the poverty line.

By the standards of the United Nations, if a person spends on lodging and meals less than $5 a day, and monthly less than $150, that person lives in poverty.

That is, in Ukraine, at the rate of the National Bank, the minimum wage should be about 3750 UAH, says the People’s Deputy Andrei Shipko. In African countries, the poverty threshold of $ 1.25. Per day, the cost of living in Ukraine is half a dollar daily.

“Today the living wage in  in Ukraine is 1176 hryvnia – about $ 50 a month, which is half a dollar a day. What is a living wage? It’s not just food, it’s public transportation, personal services, utilities and clothing. Not taken into account for subsistence are minimum health services and education. If we analyze these factors, it is possible to understand that the majority of Ukrainians are beyond the threshold of absolute poverty, “- says Shipko. […]

Read in full 80% of Ukrainians Now Live Below the Poverty Line at Ukraine at Finance.ua (in Russian)


co-founding editor of OffGuardian (retired)

Filed under: empire watch, latest, Ukraine

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co-founding editor of OffGuardian (retired)

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This is truly sad.
This is what the western instigators of the coup have brought to pass. But they will ignore it and continue to give support to the corrupt oligarchs in power; as those people are happy to sell ukraine to the highest bidder. Allow in all the corrupt western corporations. Yanukovic was never this bad!