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Almost half of Ukrainians are on the verge of poverty: even working citizens cannot make good living for their families

Poverty rate in Ukraine: results of 2020, forecast for 2021. Photo: pixabay

Poverty rate in Ukraine: results of 2020, forecast for 2021. Photo: pixabay

According to the results of the first half of 2020, the poverty rate in Ukraine among the working population was 42.4%. As of February 1, 2021, it increased to 50%. Moreover, according to forecasts of Ptoukha Institute of Demography and Social Studies of the National Academy of Sciences, in 2021 one should not expect an improvement in the situation.

Poverty of the population is calculated by the figure of how much citizens spend on providing for themselves and their families. If the rate of spending is less than the subsistence minimum, then this indicates poverty. This is stated in the results of the meeting of the Committee on Social Policy and Protection of Veterans' Rights.

However, the Committee proposed a strategy for overcoming poverty that has three items:

  • expanding the population's access to productive employment and income increase;
  • access of the population to social services and infrastructure;
  • minimization of poverty of socially vulnerable groups of people, including adolescents, children, and pensioners.

In particular, an important step is the monetization of subsidies, an increase in the amount of assistance for orphans and children without parental care.

In addition, the Committee noted that dozens of draft laws have been developed, including an initiative to increase the subsistence minimum.

Context. Research by international organizations showed that the poverty rate in 2020 had increased by 50%—up to 19 million people.

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