During the last year income of more than one fifth (21%) of Latvian households reduced, of 66 % – did not change, but of 13% – increased.
In turn, in the following 12 months majority of households (78%) expect that their total income will not change, 15% – expect that their income will increase and only 7% expect reduction of income, according to data from the Central Statistical Bureau of Latvia.
Of those households that reported on the decrease of income during the previous year, almost a third (30%) expects that income will increase, more than a half (52%) expects that income will remain unchanged, but 18% assume that their income will reduce even more. (BNN/Business World Magazine)