If you think basic items are costing you too much, take a look at this year’s research by RIA Novosti, which shows how much people in European countries spend on food, alcohol and leisure. By far the highest expense for households in Ukraine is food, according to statistics revealing the spending habits of average families in 40 European countries. Ukrainians spend more than half their income –... 

A conference to discuss the status of poverty in the European Union has been held in the Belgian capital Brussels, Press TV reports. The conference gathered over 700 politicians, academics and rights campaigners to discuss the EU’s ongoing economic crisis focusing on unemployment and social exclusion. EU governments, institutions and structures were criticized during the conference over their failure... 

With government intervention now becoming the only viable solution being touted for everything from individual health care and the economy to our personal safety and how we educate our children, it would only make sense that officials in Washington also figure out a way to use their power of confiscation and redistribution to equalize the income playing field. It’s no secret that 48 million Americans... 

A report has found that a third of low-to middle-income British families are unable to afford paying private rents for homes since the rise in rent costs. The think-tank Resolution Foundation said the British government’s plans to kick-start the housing market would do little to help low income families who are being forced to rent privately. This comes as in the recent years; competition for renting... 

Italians staging a protest against austerity in Rome Official figures show that Italian households have experienced a record fall in income for 2012, as the country’s economy is expected to remain bleak. Italy’s national statistics agency Istat reported on Tuesday that the households’ purchasing power contracted by 4.8 percent last year, making it the worst result since 1990 for Eurozone’s... 

Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania. The most highly paid professionals live in Switzerland, Denmark and Norway. However, the “low-income” Ukraine lives on labor migration. The Ukrainian citizens working in other countries, send billions of dollars to their home country every year. In Ukraine, the State Statistics Committee reported a decline... 

If you feel like Congress fat cats can’t relate to their fellow Americans anymore, the truth behind the matter might just be that they can’t. While Americans have seen a recession ravage savings accounts, lawmakers on Capitol Hill have only gotten richer. Between the US Senate and House of Representatives, the median net worth for a member of Congress is around $913,000, reports The New York Times....