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Household income is falling in rich countries

2022-05-05T15:58:12.545Z


The indicator fell at the end of 2021 in the 38 OECD countries with the end of state support linked to Covid-19. GDP per capita has increased.


In developed countries, if GDP per capita is increasing, this is not the case for the income of these same inhabitants.

In the fourth quarter of 2021, in the 38 OECD countries, GDP per capita increased by 1.2% compared to the previous quarter.

But, over the same period,

"real household income per capita fell by 0.3%"

, indicates a study by the Organization for Economic Co-operation and Development, which seeks to promote economic and social well-being in the world.

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On the one hand, the positive evolution of GDP per capita reflects the recovery of economic activity after the sharp contractions recorded in the early stages of the pandemic.

On the other hand, the decrease in household income illustrates the reduction in public aid linked to Covid-19, as the pandemic subsides.

Read also

In 2020, during the crisis, wages rose in the private sector

Within the G7, it was in Canada (-2.4%), the United States (-1.3%), the United Kingdom and Germany that per capita income fell the most at the end of Last year…

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Source: lefigaro

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