October 19, 2020

How Much Money Do Russians Need?


How Much Money Do Russians Need?
How much money does it take to be happy? Image by Petar Milošević via Wikimedia Commons

Money can’t buy happiness, but many Russians may disagree. A recent survey conducted by Otkritiye Bank and Rosgosstrakh Life Insurance Company asked Russians what they need to be happy.

The results showed that half of Russians say they are happy if they have a worthwhile job. This was an especially popular opinion in the Urals and Siberia, with 56 and 57 percent, respectively. On the other hand, 26 percent said they would have a happy life if they had “a lot of money.” This was a key criterion for happiness in the Volga and Northern Caucasus regions. Overall, 43 percent of Russians surveyed said they would like to be paid ten times more in order to feel happier, and eight percent said they need a million dollars to be happy.

The average paycheck for Russians is calculated at R60,000 (approximately $770) per month. Those surveyed said a paycheck in the range of R100,000-150,000 ($1,288-1,932) is sufficient for happiness, although in Moscow the rate rises to R150,000-300,000 ($1,932-3,864).

Respondents were between 18-65 years old and the survey was conducted from October 9-12 in cities with a population of over 100,000 people.

Tags: Moscowmoney
Like this post? Get a weekly email digest + member-only deals

Some of our Books

A Taste of Russia
November 01, 2012

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.

93 Untranslatable Russian Words
December 01, 2008

93 Untranslatable Russian Words

Every language has concepts, ideas, words and idioms that are nearly impossible to translate into another language. This book looks at nearly 100 such Russian words and offers paths to their understanding and translation by way of examples from literature and everyday life. Difficult to translate words and concepts are introduced with dictionary definitions, then elucidated with citations from literature, speech and prose, helping the student of Russian comprehend the word/concept in context.

Survival Russian
February 01, 2009

Survival Russian

Survival Russian is an intensely practical guide to conversational, colloquial and culture-rich Russian. It uses humor, current events and thematically-driven essays to deepen readers’ understanding of Russian language and culture. This enlarged Second Edition of Survival Russian includes over 90 essays and illuminates over 2000 invaluable Russian phrases and words.

White Magic
June 01, 2021

White Magic

The thirteen tales in this volume – all written by Russian émigrés, writers who fled their native country in the early twentieth century – contain a fair dose of magic and mysticism, of terror and the supernatural. There are Petersburg revenants, grief-stricken avengers, Lithuanian vampires, flying skeletons, murders and duels, and even a ghostly Edgar Allen Poe.

Bears in the Caviar
May 01, 2015

Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

Russian Rules
November 16, 2011

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955