The wealth gap between young and old in Spain is soaring, and we have a suspect: housing

A Santalucía Institute report says wealth among Spaniards under 35 has fallen sharply over the past two decades, while older generations have gained wealth.

The average gap between younger and older households now stands at about €340,000, highlighting a widening generational wealth divide.

Housing is the main driver of the inequality, as homeownership and property accumulation continue to favor older Spaniards.

The gap has implications for savings, financial stability, and social mobility, especially amid Spain’s tough rental market.