Spain's Poverty Rate at Decade Low, But Challenges Remain

Spain's Poverty Rate at Decade Low, But Challenges Remain Spain's poverty rate has fallen to its lowest point in a decade, according to the XV Report 'The State of Poverty' presented by the European Anti-Poverty Network. While this is positive news, concerning data persists. The report reveals that 4.1 million people in Spain live in severe poverty, and at least one in four Spaniards has experienced poverty or social exclusion over the past decade. The report defines poverty using the "poverty gap," the difference between the poverty threshold and the median income of poor individuals. In 2024, the poverty threshold for a single person was approximately €11,584 annually. Severe poverty is defined as income below €7,723 annually. "These figures show a complex picture," explains a spokesperson for the European Anti-Poverty Network. "While progress has been made, significant challenges remain in addressing poverty and social exclusion." The report also notes the median income for individuals in poverty was €8,348 in 2023. The government is working to implement new programs to address the issue. Despite the positive trend, the high number of individuals in severe poverty underscores the need for continued efforts to alleviate poverty and promote social inclusion in Spain.