The real disposable income of Spanish households registered an annual decrease of 3.6% in 2022, after the rise of 1.01% in 2021, according to the report published this Wednesday by the Organization for Economic Cooperation and Development (OECD). ). This data represents the second largest drop in the purchasing power of Spaniards in the entire OECD historical series, only behind the 7.18% drop in 2012, when Spain was mired in the midst of an economic crisis.

In this way, Spain appears as the third OECD country where real household income fell the most last year, only behind the collapse of 15.13% in Chile and 6% in the United States, which implied a fall of 3.78% for the average of the think tank of advanced economies. At the opposite extreme, among the minority of countries where real purchasing power increased, the households with the best evolution of disposable income were the Poles (2.8% more), ahead of the Portuguese (1.5% more) and Hungarians (1.18% more).

In this sense, the OECD pointed out the negative impact in the United States of the cessation of government assistance measures deployed to deal with the Covid-19 pandemic, while Chile was affected by the interruption of early pension withdrawals related to the pandemic allowed in 2021. Likewise, the organization highlighted that even in economies that were not affected by the end of the assistance programs related to the pandemic, “inflation increases undermined household incomes in real terms in 2022 , despite the growth of GDP per capita”.

Despite the significant decline in the real income of Spanish families in 2022 as a whole, in the last quarter of last year the real disposable income of households in Spain increased by 4.21%, which is the second largest increase in the OECD, only below 5.8% of the Portuguese.

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