The Consumer Spending of Vladimir Residents Has Grown by 35% Over 8 Years

Citizens are forced to give more money for food and less for services

Vladimirristat presented the structure of consumer spending in the Vladimir region in the last quarter of 2021 according to a sample survey. As it turned out, by the end of last year residents spent an average of 19,079 rubles per month to buy products, goods and services. In monetary terms, this figure increased by 35% over eight years.

“Consumer spending accounts for 3/4 of all expenses. Their amount is determined by the amount of money income, the level of personal and family needs, the level of retail prices, climate and geographic conditions of life,” explained the content of the indicator in Vladimirstat.

According to recent data, 35.2% of the Vladimir citizens spend on food, another 1.4% – alcohol, 37.8% – clothes, electronics, appliances and consumer durables, 1.9% of residents spend on food outside the home, 23.7% – on services.

Over the past two years, the biggest changes were in the share of spending on services (in 2019 it was 26.3%), food outside the home (here there is an increase from 1.3% in 2019 to 1.9% at the end of 2021), and alcohol consumption (an increase from 1.1% to 1.4%).

More significant changes have occurred in the structure of consumption, if we compare the figures in 2021 with 2015. Then Vladimir citizens spent only 32.1% on food, and 28.5% on services (against 23.7% in 2021).

It is believed that the higher the standard of living of the population, the greater the share of income people spend on services and the smaller – on food. If there is only enough money for food, people will go to the hair salon less often, travel less often, and spend less money on education and health. Judging by changes in consumption patterns, the average Vladimir resident has been seriously tightening his belt over the past eight years.

The consumption structure differs greatly depending on people’s income. Vladimirstat divided respondents into five wealth groups. In 2020, the richest citizens spent 32.5% of their income on food, while the poorest spent 46%.

In the median group, Vladimir citizens spent 42% of their income on food. In other words, by 2020 half of the region’s residents have to spend 42% of all money on food alone. Most of the money left after food is spent on mandatory payments for housing and utilities, the purchase of necessary clothing and equipment.

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