Financial vulnerability of Spanish households facing the COVID-19 crisis

Summary

Financial vulnerability refers to the ability of individuals or households to cope with a shock involving the loss of the main source of income. We establish the degree of financial vulnerability of Spanish households in three categories: highly vulnerable, vulnerable, and secure.

Key points

• Key points:
• 33% of Spanish households are highly vulnerable. They are able to cover the cost of living for less than 3 months in the event that they find themselves without their main income source and without asking for a loan..
• 23% of households in Spain are financially vulnerable (3-9 months).
• 43% of households in Spain can be considered financially secure (more than 9 months).

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