Family of four needs at least €13,900 a year for a decent life
A family of four needs almost €14,000 a year to have a decent life, but in reality the figure shoots up to €25,000 with today's costs, according to an anti-poverty foundation, which called for a revision to the cost-of-living adjustment system. Caritas Malta made the call in its report 'The Minimum Essential Budget for a Decent Living', which focuses on how much money people need to live in Malta. Its main recommendation was to revise the COLA mechanism, which raises wages based on the rate of inflation of the previous year. Researcher Suzanne Piscopo said: "We must set up a task force ...
Source: timesofmalta.com