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Putin's Economy is so Bad, Russians Can't Afford New Shoes!
To see the state of Vladimir Putin's economy, look down at Russians’ feet. The weakening ruble is making Russians more cautious about their purchases, and annual shoe sales across the country have dropped in recent months as Russians wait for their footwear to completely wear out before buying new ones.
With the cost of affordable shoes growing about 20 percent in the past two years, Russians are now buying about 2.5 pairs of shoes a year, Russia's Fashion Consulting Group found. At the same time, the cost of high-end shoes soared by 100 percent. In contrast, Americans purchased about 7.8 shoes per capita in 2015.
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