Being middle class in the Baltics

Swedbank has new research on what it means to be middle class in the Baltic states and the likely future prospects of the Baltic bourgeoisie.

Middle class incomes have grown substantially in all Baltic countries, tripling from 2005 to 2017 with Estonian and Latvian middle classes becoming relatively even better-off than their Lithuanian counterparts.  

"In Lithuania the rich have enjoyed relatively larger income gains," Swedbank says.

Indeed, despite many positive developments, income inequality remains a pressing issue with wealthiest sectors of society gaining ground faster than the poor.

"Addressing income inequality is far from simple and requires a complex approach," Swedbank concludes.

You can read the research in full at the Swedbank website.

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