Six in Ten Workers have Less Income than a Year Ago
December 27th, 2012
According to a study carried out by the Organisation of Consumers and Users (OCU), 63% of Spanish workers and 44% of pensioners received less income this year than in 2011.
Workers who are complaining that their wages are lower than those received in 2011, cite pay cuts and abolished bonuses and allowances as the reasons why their income is lower than last Christmas. According to the OCU, three in ten workers are now earning between 1% and 10% less than a year ago, while one in ten have seen their salary reduced by more than 20%.
Among the Spanish who are active, only 37% have kept the same wages during the last year. The OCU survey, for which 1,476 people were interviewed, also reveals that 44% of pensioners are now receiving a lower pension than a year ago, compared with 56% who have not seen their pension payments cut.
Specifically, ABC reported that 35% of pensioners are now paid between 5% and 10% less than a year ago, 8% are receiving between 10% and 20% less, and 1% now say that their pension is more than 20% lower than it was in December 2011.
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