The latest data on poverty recently released by Eurostat showed that Spain is one of the countries where poverty has risen the most since 2008 (third in line after Greece and Cyprus). Despite the fact that poverty in the EU has decreased 0.3% since 2008, in Spain there has been a worrying 4.1% rise. According to Eurostat, the percentage of people at risk of poverty in our country stands at 22.3%.
The data from the EAPN (The European Anti-Poverty Network) is alarming: nearly 6.4% of the Spanish population (over 2.9 million people) are living in severe poverty, given that income per household, per consumption unit, is less than 342 euros a month.
In Spain, there are currently 428,000 millionaires with over 1 million dollars compared with 370.000 in 2016. This 15.7% rise in the number of wealthy people in Spain will continue until 2022 when it estimates there will be 506,000 dollar millionaires. That’s an increase of 18%.
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