Purchasing power grows after a bleak period – cuts to social benefits divide households

Forecast Publications, Representative Households Juho Koistinen, Vera Kurkinen, Essi Lindberg, Aila Mustonen, Eetu Isotalo

Representative Households 2024–2026

Photo: Kateryna Hliznitsova, Unsplash.

In Labore’s autumn 2024 model family calculations, the development of incomes, taxes and tax-like payments, and purchasing power is tracked for eight hypothetical households. A new model family is introduced this year: a single, highly educated person living alone.

Purchasing power is set to return to growth for almost all families during the current year, mainly due to a significant slowdown in inflation. Cuts to the general housing allowance and earnings-related unemployment benefits hit recipients of these benefits particularly hard. (AI translation)

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