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La Voz de Madrid

Más Madrid Reports 40% of Households Struggle to Make Ends Meet in the Capital

The political group highlights growing inequality in Madrid, where the wealth of the super-rich has doubled.

Generic image of a city skyline at dusk, with modern buildings and city lights.
IA

Generic image of a city skyline at dusk, with modern buildings and city lights.

Más Madrid has revealed that 40% of families in the Spanish capital face economic difficulties in covering their monthly expenses, while the wealth of the super-rich has doubled in the last decade.

The spokesperson for Más Madrid in the City Council, Rita Maestre, presented the report Madrid for the Rich. An Analysis of Inequality, which details the evolution of income and wealth inequality in the city and its impact on different districts. According to the study, the capital registers the highest inequality rates among the ten largest Spanish cities, despite having the highest average wealth levels in Spain.
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"We want to provide data, reality, and materiality to the increasingly transversal and present idea in Madrid that our city is being stolen from us. This feeling one gets on the street and in conversations is real."

Rita Maestre · Más Madrid Spokesperson in the City Council
The report also highlights that one in three minors in Madrid is at risk of poverty. Más Madrid attributes this situation to policies implemented since José Luis Martínez-Almeida became Mayor, arguing that the city has transformed into a “Madrid for the rich,” where elites and large fortunes concentrate an increasing proportion of wealth, leaving working families behind.
The data presented by the political group shows a stark divide between the north and south of the city. Income in districts like Chamartín and Moncloa-Aravaca is double that of areas such as Usera, Villaverde, and Puente de Vallecas. Furthermore, 33% of the population, concentrated in the wealthiest districts, accumulates 68% of wealth-derived income and 63% of income from economic activities.
While districts such as Chamartín, Moncloa-Aravaca, Salamanca, Chamberí, and Retiro have a savings capacity of 50% of their income, in Villaverde, Usera, and Puente de Vallecas, households struggle to make ends meet. In Puente de Vallecas, 62% of residents face economic difficulties, more than double that in the Salamanca district. Additionally, 28.2% of citizens have trouble paying housing expenses, a figure four times higher than in Chamberí.
Regarding housing, Más Madrid indicates that rental prices in the capital have increased by an average of 37% since Almeida's mandate began, with significant increases in the Centro district (+64%), Usera (+50%), and Puente de Vallecas (+51%). The selling price of homes has risen by 56% in the same period, with the largest increases in Retiro and Salamanca (70%).

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