The Bank of Spain and the Alternatives Foundation have published reports highlighting the severity of economic inequality in Spain, particularly in major cities and on the Mediterranean coast.
Spain, as the fourth largest economy in the European Union, is the fifth EU country with the highest rate of income inequality.
A slight improvement in economic inequality was detected between 2020 and 2022, with wealth being more equitably distributed.
Families with lower income and younger people have seen a decrease in their net wealth.
Self-employed workers have suffered a significant drop in their net wealth.
Conclusion: Economic inequality is a serious and enduring problem in Spain. Efforts should be directed towards wealth generation through equal opportunities, support for private initiative, and a higher value-added economic model.