Half A Million Russians Declared Bankruptcy Last Year Amid War Cost Of Living

[Economy 52,854]

https://www.google.com/amp/s/www.aljazeera.com/amp/economy/2026/7/8/why-have-half-a-million-russians-gone-bankrupt-amid-ukraine-war

 

The cost of war and associated inflation is biting ordinary Russians as Russia sees a rise in personal bankruptcies

 

According to stats, some half a million Russians declared bankrupcy last year alone.

 

While the war time economy creates a lot of jobs and kept unemployment rate low, it is importance to remember unemployment rate alone does not always give an accurate representation of the health of the economy

 

Because so much resources are being spent on war activities, the high military spending and use of labor is crowding out the private sector and money is going towards things being destroyed, not useful goods and services that can be consumed. As such, actual goods and services have gone up in cost far faster than wages despite a labor shortage. The weak currency is not helping the cost of imports

Edited July 10 by Economy

[Laxy 391]

About the same amount slaughtered in Putin's disgusting war.

[River 127,453]

oh no

[SleepingSun 1,392]

[Kayioshka 3,324]

People suffer because of a useless actor and an idiotic dictator... 

[doraemon 1,145]

"Okay."

  -Sasha Colby, 2023

[Ladle Ghoulash 52,971]

1 hour ago, Kayioshka said:

a useless actor

Ns, but why are we both sides-ing the Russian-Ukraine war?

Edited July 10 by Ladle Ghoulash

[Kayioshka 3,324]

5 hours ago, Ladle Ghoulash said:

Ns, but why are we both sides-ing the Russian-Ukraine war?

I'm against both governments. Both are corrupted. I'm siding with the people.

[Economy 52,854]

10 hours ago, SleepingSun said:

 

12 hours ago, River said:

oh no

Thats kinda cold. These are ordinary people were talking about (most probably below average in fact) not politicians, oligarts or Putins friends.

[Economy 52,854]

2 hours ago, Kayioshka said:

I'm against both governments. Both are corrupted. I'm siding with the people.

Ordinary citizens are always the people hurt by these regimes. Gotta say im a bit surprised by the comments on the thread. Its almost like they are happy people are suffering because they are Russian (or at the very least dont care)

[River 127,453]

17 minutes ago, Economy said:

 

Thats kinda cold. These are ordinary people were talking about (most probably below average in fact) not politicians, oligarts or Putins friends.

I mean, his approval is above 70%, if we consider that it may be a manipulated number, the real number is still above the 60%, so I'm not sad for them 

Ordinary people voted for Trump while every single proof that he will hurt them economically was presented to them over and over, because he himself was never shy about it, but still voted for him.. because these people don't care about their money, they care about the strength they feel with these people in charge, the sense of winning and defeating the left. it's all in their minds, so I can't be sad for them.. I think we are passed the time when we're sad for the people who did the best to get us to this point of time where everything is falling apart in the name of fascistic nationalism.

[Economy 52,854]

9 minutes ago, River said:

I mean, his approval is above 70%, if we consider that it may be a manipulated number, the real number is still above the 60%, so I'm not sad for them 

Ordinary people voted for Trump while every single proof that he will hurt them economically was presented to them over and over, because he himself was never shy about it, but still voted for him.. because these people don't care about their money, they care about the strength they feel with these people in charge, the sense of winning and defeating the left. it's all in their minds, so I can't be sad for them.. I think we are passed the time when we're sad for the people who did the best to get us to this point of time where everything is falling apart in the name of fascistic nationalism.

Well, even if we ignore the fact that they are completely brainwashed... ur still painting everyone with the same brush

 

Lets say 40% dont approve of Putin, 40% of half a million people is still a lot of innocent people

 

And thats if we assume that the percentage in approval rating among the segment of people struggling the most is the same as the general population which it may not be

 

Edit: And for a government that literally arrests people who try to protest, yeah, I 100% believe the approval rating is inflated

Edited July 10 by Economy

[Quartz 12,762]

11 minutes ago, River said:

I mean, his approval is above 70%, if we consider that it may be a manipulated number, the real number is still above the 60%, so I'm not sad for them 

Ordinary people voted for Trump while every single proof that he will hurt them economically was presented to them over and over, because he himself was never shy about it, but still voted for him.. because these people don't care about their money, they care about the strength they feel with these people in charge, the sense of winning and defeating the left. it's all in their minds, so I can't be sad for them.. I think we are passed the time when we're sad for the people who did the best to get us to this point of time where everything is falling apart in the name of fascistic nationalism.

That 60%, just your assumption, yeah?

[River 127,453]

20 minutes ago, Quartz said:

That 60%, just your assumption, yeah?

Nope

[Jackaroo 2,695]

53 minutes ago, Economy said:

 

Thats kinda cold. These are ordinary people were talking about (most probably below average in fact) not politicians, oligarts or Putins friends.

the extreme inequality means ordinary russians are filthy rich and generally unkind. It’s embedded in their culture so it’s hard to feel sorry for them.