Spain | COVID-19: Stress Testing Household Finances

Spain | COVID-19: Stress Testing Household Finances


The essential lockdown measures and cessation of economic activity imposed by governments to controlCOVID-19 will have a negative impact on the economy as a whole and, in particular, on households.

In Spain, around 33% of households find themselves in a highly vulnerable financial situation, that is, with the capacity to hold out for less than 3 months if they lose their main source of income. Considering this scenario, it is worth asking in what financial conditions Spanish households are facing this crisis.

Full content of the publication


Banking COVID-19 Data Analysis Financial Health Financial Systems Financial Vulnerability Home Inequality Savings


Alfonso Arellano

Senior Economist of the Financial System Unit at BBVA Research

Noelia Cámara

Principal Economist, Financial Systems Unit, BBVA Research

Additional Information

Date published


Document Type









BBVA Research

Related publications

27 May 2021

Financial Anxiety and Stress among U.S. Households: New Evidence from the National Financial Capability Study and Focus Groups

The economic impact of the COVID-19 crisis has brought to light the deeply rooted financial struggles that many American...

27 May 2021

2020 Impact Report Center for Financial Education BBVA USA

BBVA’s Center for Financial Education creates opportunities for individuals and communities to improve their financial...

27 May 2021

TFI Consumer Research On financial health in Europe

The findings in this report show that the majority of Europeans believe their financial health has been unaffected by th...