Spain lives in a precarious economic situation due to the increase in daily prices, which have recently increased at a faster rate than wages. Although the latest data from Consumer Price Index decline, the truth is that high inflation has taken hold in people’s daily lives. This is why life is today more expensive and more difficult to bear for hundreds of thousands of Spaniards. Experts carried out a study on this subject and put data on the table on rich or poor people.
How do you know if you are rich or poor? This is the question that is in the news today after various studies published recently. These talk about the amount of money one must earn annually or monthly to be rich, middle class or simply poor, a bracket into which thousands of citizens have entered due to the indiscriminate rise in prices in recent years.
In a report published by the National Institute of Statistics about Poverty and its measurement: Presentation of different methods for obtaining poverty measureshe INE refers to the difference between absolute and relative poverty. The first is defined as “the situation in which the individual’s basic needs are not covered, that is, there is a lack of basic goods and services”, while the relative considers that “a person is poor when he or she is in a situation of poverty”. a situation of obvious disadvantage, economically and socially, compared to the rest of the population around them. It has to do with inequality.
Experts and data on the poor, the rich and the middle class
There are many published studies on income corresponding to poor, rich or middle class people. One of them was prepared in his time by the Tax agencywhich puts the average income at 23,700 euros. Thus, the figure that defines a poor person according to experts is 11,709 euros of annual salary, while a rich person is said to be rich when it exceeds 43,700 euros per year. Above are people who earn more than 150,000 euros per year.
THE Organization for Economic Cooperation and Development had then established a classification of poverty. According to the OECDpeople with an income of 11,500 euros per year are considered lower class while 30,400 is the amount to belong to the middle class. From this amount, a person can be considered to belong to a higher class. All this still according to this organization.
From Francea report of The Inequalities Observatoryspecifies that people who do not earn more than 11,395 euros gross per year are in poverty. Last 2022, the National Institute of Statistics prepared a report in which it sets the poverty threshold at just under 10,088 euros.
Retiree data
Hundreds of thousands of young people Spain They live in a precarious situation and a report of Search CaixaBankcompared this situation to that of retirees. According to this study, the average wealth of those over 65 reached 191,000 euros in 2020, data which concerns the assets of these groups. For example, a retiree with low assets is considered a person who reaches the age of 65 with less than 50,000. The average is 191,000 euros and the average reaches 566,000 euros. Therefore, it is considered an upper class in terms of wealth, which includes real estate, investments and other assets.
According to the latest data provided by the Ministry of Social Security, Inclusion and Migration Concerning the month of last October, the average retirement pension is 1,447.4 euros per month, after having increased by 5% on average compared to October 2023. By scheme, the amount of the average retirement pension retirement of the General Scheme is 1,605.5 euros per month, while at Special regime for the self-employed It is 965.8 euros. Regarding coal mines, the average pension is 2,808.9 euros while that of the Sea Regime is 1,602.7 euros.
All these pensions will undergo a slight increase of around 3% with the new increase in pensions that everything indicates that the government will announce in mid-December, once the November data relating to the CPI, the annual average used, is known. increase contributory pensions in Spain.
