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The purchasing power of goods and services of pensioner families during the COVID19 pandemic, 2018-2021


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Abstract

Starting from the normative method, applied in RIQL we will evaluate the real purchasing power of the retired families, more precisely how the income of a person or family covers the essential minimum of goods and services necessary for the subject under discussion. In the time period 1990-2021, the standard of living of the Romanian population was affected in different ways. The incomes of families with children, as well as retired families, could not keep up, sometimes, with the price increases applied to products and services on the market. The incomes and expenses of the population provide a concrete picture of the quality of life of the population and contribute to taking the necessary measures, through socio-economic policies, for the benefit of society members.

Keywords

pensioner, social minimum pension, average social insurance pension, decent minimum basket, subsistence minimum basket

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