Financial wealth drives wealth inequality in Spain, housing offers balance.
Household wealth in Spain was studied using data from a survey in 2002. The researchers looked at different types of wealth and how they contribute to overall inequality. They found that wealth is more unevenly distributed than income, with housing wealth being more evenly spread than financial wealth. Financial wealth increases with overall wealth, while housing wealth does not. Age differences do not explain why wealth is more unequal than income, but factors like business ownership and owning a home do.