Every fifth person in Spain lives in poverty, new figures show

McClatchy/DPA, By Sinikka Tarvainen, October 22

Madrid — Every fifth resident lives in poverty in Spain, new figures showed Monday.

The national statistics institute INE said 21.1 percent of the 47 million population lives below the poverty line, meaning they live on less than $9,610 annually.

That is slightly less than a year ago, when the percentage stood at 21.8 percent. The apparent improvement, however, is only due to the increase of elderly people whose pensions constitute a relatively stable income, INE said.

The number of minors aged under 16 living in poverty has increased to 21 percent from 19.4 per cent in 2011.

Update, The Telegraph: Debt crisis: Moody’s downgrades regions in Spain – live

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