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Illustration for news: Middle-Class Russians Reduce Spending When It Comes to Themselves but Not Their Children

Middle-Class Russians Reduce Spending When It Comes to Themselves but Not Their Children

Middle-class Russians are more likely to reduce spending on the development of their own human capital and prioritize investing in their children instead, particularly when it comes to their children’s education. This is evidenced by a study conducted by the Centre for Studies of Income and Living Standards of HSE University.