Raiffeisenbank allowed a decrease in incomes of Russians due to pension reform
Even in an optimistic scenario, the effect of raising the retirement age on household incomes by 2034 “will generally be close to zero,” and in a pessimistic scenario it will be completely negative, according to a report by Raiffeisenbank analysts. Details In an optimistic scenario, real incomes of the population in the first years of the reform could decrease by 1%, and by 2034 remain approximately at the 2018 level. In the pessimistic scenario, real incomes in 2034 will decrease by 3%.