The Average Real Wage in Spain Has Hardly Risen in the Last 30 Years
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1 Articles
According to OECD data, between 1994 and 2024 the average real wage in Spain has increased by only 2.76%. This shows three decades literally lost in terms of purchasing power. This wage stagnation is aggravated in a more burdensome fiscal context. Funcas data show that the real net income of households is below pre-crisis levels in 2008, while the tax burden, measured by the tax rate, has increased from 100 in 2008 to 114.4 in 2024. In addition,…
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