Income and Wealth Status of Russian and Tomsk Region’s Pensioners

Abstract

In the article the results of a study of income and material well-being of old generation of Russia and Tomsk Region are presented. Data of Russian federal and regional statistics shows that income of pensioners is growing fast and their wealth status in 2014 can be estimated as acceptable. Analysis of the data of an opinion survey of older people of the Tomsk region does not support this conclusion. According to the regression model in order to achieve a satisfactory standard of living pensioner's income should be at least 13-18 thousand rubles per month, while in 2014 the average pension was lower (about 11-12 thousand rubles). In our opinion state regulation requires further increase in the average pensions, as well as the revision of the minimum consumption basket and minimum needs of subsistence for this group.