Bulgaria's Aging Workforce: Over 60% of 60-64 Year-Olds Remain Employed
In Bulgaria, more than 60% of people aged 60 to 64 remain active in the labor market, a figure that surpasses the European Union average.
On the eve of Labor Day, the people satisfied with the money they get in their work are more than those who are dissatisfied, the Gallup International sociological agency said on its website. The personal assessment of the Bulgarians for their work is rather good. There is positive judgment for supervisors. Expectations for unemployment to remain the same or to grow continue to prevail, but negative expectations are at their lowest point for years.
53% of working adult Bulgarians declare that they are happy with the money they receive from their employers. 44% - that they are not. Data comes against the background of comparatively better indicators for the economy and the labor market in the recent years, but does not show a decisive superiority in satisfactory estimates. Positive ratings "lead" with little, but the share of negative is also significant.
The latest monthly national survey of Gallup International was conducted between April 13 and 22 among 817 people. The bulk of the monthly surveys are known as "Political and Economic Index of Gallup International." They are independent from external financing.
43% of adult Bulgarians claim to work and are satisfied with their work. 18% work but are not satisfied. 19% do not work, but they are generally satisfied with their previous jobs so far, and 10% do not work at this time and are not happy with their previous work. 7% say they are not yet working, and others have difficulty answering. 58% of workers say they are happy with their bosses, 24% are not, and 13% say they have no bosses. The rest have difficulty answering. Questions such as pay and bosses may, of course, also reflect some caution on respondents.
People not only account for the amount of pay, but also for the possibility or the inability to find another better job, the labor / pay ratio, etc., the agency notes.
Another study shows that 23.4 per cent of Bulgarians were below the poverty threshold in 2017. The total poverty line for the country was BGN 351.08 per month per household per month. At this line of poverty below the poverty line there were 1665.3 thousand people, or 23.4% of the country's population, the National Statistical Institute reported.
Compared to the previous year, the poverty line grew by 13.9 per cent and the relative share of the poor rose by 0.5 percentage points. The social protection system is essential for reducing poverty. Data for 2017 show that if household income includes pension income, but excludes other social transfers (benefits, social and family allowances and supplements), the poverty level rises from 23.4 to 29.2 per cent, or with 5.8 percentage points. Accordingly, when excluding pensions and other social transfers, the poverty level increased to 44.8 per cent or 21.4 percentage points.
The main factor, increasing the risk of falling into the group of the poor, for the majority of the population is their insecure economic activity and their participation in the labor market. Throughout the observation period, the relative share of the poor is highest among the unemployed (58.7 per cent in 2017), with the risk of poverty among unemployed men by 8.2 percentage points higher than the unemployed women.
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