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IN SHORT BUSINESS

Slovakia losing its middle class

SLOVAKIA's middle class is diminishing. The number of households with a medium monthly income has been dropping, while the number of households with a lower income is on the rise, the daily SME wrote.

Sociologists warn that it is the middle class that, in developed countries, serves as a guarantee of stability.

In 1996, Slovakia had 120,000 households in the medium income range, which was between Sk3,450 - 3,850 (€83.84 - 93.56) per person per month. In 2002, the number of households in that range, identified by an income of between Sk78,000 - 84,000 (€1,895.50 - 2,041.30), dropped to 50,000.

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