February 26, 2021

Families have not yet recovered the expense they had before the crisis | Economy

Customers in a supermarket on the outskirts of Santiago de Compostela (A Coruña). On video, the average household spending rises 2.3% last year.

Gradually, Spanish families are increasing their level of spending from the level of the worst times of the crisis. In 2018, the money that an average Spanish household spent increased slightly, until touching the barrier of 30,000 euros. This amount is, however, still far from the usual during the boom of the brick of the beginning of the century. Even considering that inflation has reduced purchasing powerIn 2008, an average family spent 1,900 euros more than now, according to data published Tuesday by the National Statistics Institute (INE). We will still have to wait to overcome the roof that was touched more than a decade ago.

The Survey of Family Budgets of the INE throws every year a lot of information on what and how much Spanish households spend. This time it shows how the money that families disburse increased in 2018 both in nominal and constant terms. In the first case it was 2.3%. And in the second, that is, if it is eliminated the effect of inflation In order to make a better comparison, the increase was 1.4%. But the most interesting thing is to see the evolution since the years of boom Until time. The 31,772 euros that an average Spanish family spent in 2008 are far away. Despite the timid improvement of recent years, last year's figure is still 6% lower than a decade ago.

Families have not yet recovered the expense they had before the crisis

If you look at the individual data, instead of the family ones, the cycle has been closed, according to the INE data. Because the survey shows that the average Spanish citizen spent last year just over 12,000 euros, a figure not exceeded in the statistics. In the most buoyant year of the last decade, 2008, just when in the United States Lehman Brothers crisis broke out, the maximum of 11,895 euros was reached. Last year was the first in which that figure was exceeded and reached the barrier of 12,000 euros.

In the figures for 2018, the chapter on housing, water, electricity, gas and other fuels was, as usual, a third of the total household expenditure with 9,181 euros on average, 4.6% more than in 2017 It was also the second game where spending increased the most, only behind education, which rose 11.2%, and followed by communications, with a 3.7% rise, and transportation, with increases in 3.4%

The INE survey includes a specific section on household consumption through the Internet and reflects increases in that item. 30.3% of households made some expenses in 2018 on-line compared to 25.7% the previous year, with an average annual expenditure of 1,856 euros, 7.7% more.

More spending on the Internet

In shopping on-line 10,475 million euros were disbursed, which accounted for 1.9% of total expenditure and an increase of 27.7% compared to 2017. The groups with the highest proportion of Internet spending in 2018 were leisure and culture, clothing and footwear, restaurants and hotels and transportation.

The survey disaggregates household expenditure according to the profile of the person who contributes most to the household budget. Thus, the highest expenditure corresponded to households whose main breadwinner was employed, with 33,717 euros on average, compared to 17,505 euros whose main figure is unemployed. The largest increases in spending were in households with a non-retired inactive main breadwinner (student, dedicated to household chores) with an increase of 2.7% and those of retirees and pre-retirees, with 2.6% more.

(tagsToTranslate) family (t) have (t) recover (t) expense (t) have (t) crisis (t) 2018 (t) Spanish household (t) (t) disburse (t) 30,000 euros (t) 1,900 (t) 2008

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