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Bank analysis: 10% of Slovaks earn less than €340 net per month
10 Sep 2013 Flash News
Calculations put the average monthly salary in Slovakia at €805, or alternatively €888, but nearly two-thirds of Slovaks earn less than either sum, an analysis by Poštová Banka published on September 9 reveals.
In addition, one in ten Slovaks working full time earn less than €400 gross, which comes to just under €340 net. For women alone, the proportion goes up to 12 percent, according to the bank's analysis based on materials published by the Slovak Statistics Office relating to 2012.
In terms of age groups, as many as one in four people aged up to 19 years see figures of less than €400 gross on their paychecks. The same is true for one in six people aged between 20 and 24, the TASR newswire quoted the analysis. The lowest occurrence of people earning less than €340 net is among people in their 30s - 9 percent. Twenty-four percent of people with only a basic education are in the low-income category, and the figure for people with a university education is minute.
Most typically, a person earning less than €400 gross works in the catering or accommodation sectors, with one-third of employees in these categories earning such a wage, not including tips, however. Prešov Region came off worst in the rankings, as 15 percent of those living and working full time there earn under €400 gross. Nitra and Banská Bystrica Regions followed with just over 11 percent each. Somewhat surprisingly, while coming off best, 8 percent of people in Bratislava Region are still in the low-income category.
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