Incomes of the population in 2017 increased by only 7%, to 570 thousand tenge (for comparison, in 2016 the annual growth was 8.2%). Given that inflation in 2017 was 8.5%, the purchasing power of income declined.
The share of income from work in the total income of the population decreased in 2017 to only 76.3% (for comparison, a year earlier it was 78.3%, five years ago – 81.3%).
The share of social transfers, in particular, pensions, is growing in total income, in 2017 it already reached 16.4%; for comparison: in 2016 – 14.9%, in 2012 – 11.9%. The reason is the increase in the share of pensioners in the total population.
The increase in the share of pensions in the total income of the population also affects the decline in purchasing power and decrease in solvency.