Residents’ income “in hand” increased by 116 euros – sekunde.lt

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• Lithuania
• 2024.08.22 11:54

The average labor income of the national population in the second quarter of this year increased by 10.3% compared with the same period of 2023. – People “in hand” received 116 euros more.

According to Sodros, in the second quarter of 2024, the average salary of residents “on paper” was 2,184 euros, and “in hand” was 1,346 euros. In the same period last year, the average income of residents “on paper” was 1,980 euros, and “in hand” was 1,230 euros.
Kristina Zitikytė, consultant at the Department of Statistics, Analysis and Forecasting at Södra, said that the 10% increase in the minimum monthly wage (MMA) had a particularly significant impact on the growth of the average income of the population. In the second quarter of this year, there were 138,000 MMA fighters in the country.
“Taking into account the annual inflation rate of no more than 1%, we calculated that real income growth this year, after taking into account tax and price increases, may amount to about 6%. (…) We calculated that seven out of ten labor incomes increased this year, two did not change, and one out of ten labor incomes may decrease during the year”, K. Zitikytė told reporters at the review of labor incomes on Thursday.
The adviser said it was easier to feel real gains in income this year – complicated by a sharp rise in prices last year of about 9 per cent – and to keep annual inflation on target. Annual inflation was 0.7 per cent in June.
The fastest growth in labor income in the second quarter of this year was in the fields of health and social care (up 11.4% to 1442 euros “in hand”), public administration (up 10.9% to 1429 euros “in hand”), management and services in information and communication activities (10.7% to 980 “in hand”) (10.4% to 2120 euros).
The share of the population receiving childcare benefits also fell in the second quarter of this year – a result of the continued downward trend in the birth rate. However, according to Sodra, more and more women raising children are taking advantage of these benefits, even though the number of benefits themselves is decreasing, especially maternity benefits.
“The good news is that most mothers who give birth receive maternity benefits. If it was more than 10 years ago, 79% of mothers used to receive maternity benefits, now it is about 87%”, explains K. Zitikytė.
Last year, about 20,000 people were born. Child and maternity benefits “Sodra” distributed more than 17,000
Indeed, according to K. Zitikytė, the number of paternity benefits has not decreased, but in recent years it has only increased, so men are more actively using them.
“For every 10 mothers who receive maternity benefits, nine fathers receive paternity benefits,” said consultant Sodra.

Across regions, young people have lower incomes

K. Zitikytė says that compared to young people aged 25-30 working in the regions, people of this age group earn a third more in the capital – in the capital, the average “paper” working income of young people is 2,478 euros, while in the ten cities with the largest gap, this amount reaches 1,706 euros.
The lowest average monthly income is found among young people in Šiauliai Municipality, Šalčininkai District, Šilutė District, Kalvarija, Radviliškis District, Kelmė District, Pagėgiai Municipality.
“The difference is quite significant. (…) If we also take taxes into account, the difference in hand is about 300 euros,” says the “Södra” consultant.
K. Zitikytė said that these income differences also led to a growing share of young people receiving unemployment benefits. In total, the number of people receiving unemployment benefits increased by almost 5,000 people, or 7%.
In Vilnius, most young people (10%) work in computer programming and consulting, followed by retail (7% of young people), financial services (6%) and transport (5%).
In these regions, young people are mainly employed in transportation (16%), retail (8%), healthcare (5%) and education (4%).
The labor market had a total of 1,600 insured people, or 0.1% less than a year ago, but more people were hired than fired.
In June this year, 1.3 million people were working in Lithuania. People.