Wednesday, March 19, 2014

Spain's rich virtually unscathed by crisis...

Hot on the heels of an International Monetary Fund report showing that the gap between rich and poor has grown faster in Spain during the crisis than in any other country in Europe, a new Organisation for Economic Cooperation and Development (OECD) study sheds more light on the issue.

Here are eight key findings from the OECD's Society at a Glance study 2014 report, released on Tuesday.

1) The income of Spain's richest 10 percent dipped by only 1 percent a year from 2007 to 2010. But Spain's poorest 10 percent saw their income plummet by 14 percent annually in the same period.

2) In 2010, the median income of the top 10 percent in Spain was 13 times higher than that of the poorest 10 percent — that's against an OECD average of 9.4 times.

 3) Spain was responsible for 55 percent of the rise in unemployment across the whole Eurozone from 2007 to 2013. Full story...

Related posts:
  1. UK super-rich get richer as pay gap widens...
  2. Germany's rich get richer despite crisis...
  3. The amount of money hoarded by the uber elite will astound you...
  4. Why the rich are freaking out...
  5. Combined wealth of the 85 richest people is equal to that of poorest 3.5 billion...

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