By Staff writer
Increased cost of living and reduced subsidies hurting some members of population
Around 125,000 Kuwaitis are living in financial distress due to reduced subsidies and the increased cost of living, according to a recent study by economist Mohammad Ramadan based on statistics from the Public Authority for Civil Aviation.
Most of the cases comprise married men with limited academic qualifications, widowed men with children, men married to nonworking women and divorced men who remarried, have children from different marriages and have to pay alimony, according to the study, as reported by the Kuwait Times.
Individuals also include widowed and divorced women with children and citizens who are repaying loans taken for consumer expenses or investment.
Another foolish statistic!!! What about the expats on 60kd a month versus Kuwaitis on 1000kd? This government needs to get real and insist that these Kuwaitis fill private sector jobs. Many refuse so the poverty is self inflicted as they get more from the state by not working.
Every good thing must come to an end. We in this part of the world failed to realize this and lots of the Khaleejis are in similar situations. Re-engineering a human is a lot more difficult than a business.
The amount of money that is spent on foreign travel is astounding - the door swings out not in Kuwait and this is horrendous for their overall economy. Many local nationals will go into debt and take loans just to travel outside their country because they are so bored. The government should change the society and develop the business sector so that people want to stay in their country for entertainment. It seems to me that this country does not reflect the character of its people and a development plan in such a tiny nation is long overdue. The country has potential, but lacks the expertise and government initiative to move it forward.