The standard of living of the population: a regional aspect

In the economy of the Krasnodar Territory and the Russian Federation, the standard of living of the population is a particularly important aspect. The analysis of the standard of living of the population is carried out in order to determine the most strengths and weaknesses of the economic development of the region, knowledge of which in turn helps to maintain the stability of the economic situation in the state. The study of the social indicators of the region is of great importance for residents and allows us to study the factors influencing the formation of the standard of living of the population. The analysis of factors affecting the standard of living, which include income and expenses, the cost of living of the population and households, allows us to determine the purchasing power, quality of life and, in general, the social status of the region. Socially favorable regions ensure the stability of the Russian economy, respectively, this aspect is a priority area of state policy.