spanish middle class

Spanish middle class shrinks since crisis

Spanish Middle Class Shrinks Since Crisis

CaixaBank Research | In Spain, middle class incomes fell with the crisis, although on average they suffered less than the rest of the population. However, in recent years they have only recovered part of the lost territory. With the crisis, middle class households saw their income reduced less than the rest of the population. Concretely, their income reduced 8.5% between 2008 and 2013, while lower class incomes fell 13% and upper class incomes 13.2%.