Macroeconomic data continue to surprise on the upside, but there is no trace of euphoria among the population. GDP growth and record employment are overshadowed by the inflationary crisis, job insecurity and rising tax burdens. Household finances are not keeping pace with GDP and what is happening is that the number of families struggling to make ends meet has increased New data from the Arope indicator (risk of poverty or…
Housing has become a “great bottomless pit” for three million families in Spain, who have to spend more than six out of every ten euros (63 %) on household expenses, supplies and food. According to the report “Income and expenses: an equation that conditions our quality of life” presented this Tuesday by Cáritas Española and the Foessa Foundation, 16.8% of families fall below the severe poverty threshold once housing and…
In Spain, four million people were living in severe poverty in 2018. Now there are more than six million. According to the Caritas and Foessa Foundation report, the impact of the pandemic is “devastating” and more than 11 million people now live in a situation of “social exclusion”. By contrast, the number of households without such problems, which totalled 49.3% in 2018, has declined to 41.2%. “There has been a…
Juan C. Palomino, Juan G. Rodríguez, Raquel Sebastian (ICAE) | Lockdown measures are likely to worsen cohesion in Europe both between countries and, especially, within countries. Our decomposition exercise shows that between-countries inequality will increase in Europe between 2.5% and 4.0%, while within-countries inequality will increase between 5.0% and 12.1%. In general, we find a greater increase of both poverty and inequality in Eastern and Southern Europe than in Northern and Central Europe.
The socio-economic consequences of the pandemic could increase the number of people living in poverty in Spain by more than 1.1 million if no further measures are taken, according to new estimates by Oxfam Intermón. With this increase, the total number would reach 10.9 million people, rising from 20.7% of the population before COVID-19 to 23.07% after the impact of the pandemic. At an international level, the organization highlights that for the first time in 20 years, extreme poverty will increase.
MADRID | By Álex García.
MADRID | By Alex García and @elbaronrojo
MADRID | By A. R. Mendizabal via Capitalmadrid | Total figures pile up, percentages keep on rising, the country level moves down… The statistical office of the European Union, Eurostat, certifies that 27% of Spaniards are currently living at risk of poverty and social exclusion –which means one out of four citizens.