Austria: Purchasing Power Shrinks Considerably

BusinessEconomy ♦ Published: December 19, 2012; 18:22 ♦ (Vindobona)

Today, the Austrian Audit Court has published its report on the Austrian income situation. Since 1998, real incomes went down drastically.

Austria: Purchasing Power Shrinks Considerably / Picture: ©


According to the Austrian Audit Court, the prosperity of lower income groups is endangered. Since 1998, the real income of blue-collar workers has decreased. The situation of white-collar workers did not change in the last 14 years. Only civil servants enjoy an increase in real income.

In total, 4.0 million employees are registered in Austria. The annual median income…