53.8% of the wealth in Spain is reduced to 10% of the population
- According to a report published by Oxfam Intermón, 1% of the capital of the Spanish state is in the hands of the richest, 22.4% of the capital.Por other side, 50% of the poorest owns 7.8% of the total state.
The study points out that the gap between the richest and the poorest has increased "significantly" in the last twenty years. In 2011, 50% of the poorest population in the Spanish State had 11.4% of the wealth, which decreased over the next five years, to 7.2%. However, since 2016 this percentage has risen by only 0.6 points.
Adding to this trend is the evolution of financial wealth, as the weight of financial assets on gross wealth has almost doubled over the past 20 years. 79.2% of their value is in the hands of the richest people, 10%.
On the other hand, despite the increase in inflation, workers’ salaries have been steadily reduced. Between 2020 and 2024, workers’ wages have risen on average by 9%, compared to an increase in inflation of 19.1%. However, executives at large companies have increased their wages by 45% over the past four years and banks and shareholders have also made significant profits. In 2022, banks achieved a 33% increase, while shareholders achieved a 29% increase.
On average, it has been deduced that an ordinary employee needs 91 years for the first executive to earn what they earn in a year. On the other hand, gender inequality is maintained in these companies, as women earn on average 15% less than men.
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