Spain | COVID-19: Stress Testing Household Finances

Summary

The essential lockdown measures and cessation of economic activity imposed by governments to controlCOVID-19 will have a negative impact on the economy as a whole and, in particular, on households.

Key points

• Key points:
• Considering this scenario, it is worth asking in what financial conditions Spanish households are facing this crisis.
• In Spain, around 33% of households find themselves in a highly vulnerable financial situation, that is, with the capacity to hold out for less than 3 months if they lose their main source of income.
• 24% of households are facing the crisis in a financially vulnerable situation (holding out for 3-9 months).
• While 43% do so with greater financial security (more than 9 months), being able to hold out until 2021.

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