The side of Spain that too few see
<p>Rising rents across major cities in Spain continue to devour a greater chunk of stagnated salaries while temporary contracts —<a href="https://www.eleconomista.es/economia/noticias/11551854/01/22/Espana-cierra-2021-con-un-89-de-temporalidad-en-los-nuevos-contratos.html" rel="noopener ugc nofollow" target="_blank">almost 90% of new contracts in 2021 were non-permanent</a> — are the antithesis of stability. The spin-off effects are evident: more people live with their parents longer, they get married later, and have children at an age which would previously have been considered closer to grand-parenthood(if they decide to have children at all).</p>
<p>Meanwhile, the liquidity of <em>Banco de Mom and Pop</em>— prime contributors to many a deposit — is diminishing drastically. Future generations are going to have to fend for themselves until illiquid assets such as the family home are passed down.</p>
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