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🇪🇸 How is wealth distributed in Spain ? This study, co-authored by G.A. Marrero @cmtneztt.bsky.social @juancpal.bsky.social & D.Petrov, is the first systematic analysis of regional wealth inequality in Spain. Key findings in 🧵[1/5] wid.world/news-article...

In Spain, like everywhere in the world, wealth distribution is much more unequal than income. The top 1% accumulates a quarter of the wealth; the top 10%, 60%. This is more or less in line with neighboring countries. [3/5]

Real estate assets dominate household wealth across most of Spain, accounting for just over 50% of the total. Primary residences alone account for over 30%. [3/5]

The asset portfolio changes a lot depending on the wealth level of households: 🔹For the bottom 20%, current accounts are the most relevant asset, ≈ 60% of their portfolio. 🔹For the top 10%, investment properties, business assets, and especially equities and investment funds are more important. [4/5]