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In the 16th century, Spain wanted to control the Strait of Magellan by founding a city. It became a cursed settlement

May 24, 2026 by usatoday24

A coin is a coin. And a compass, a compass. What seems so obvious changes when we talk about the old (and ephemeral) city of King Don Felipea Spanish settlement founded more than four centuries ago by Pedro Sarmiento de Gamboa on the northern shore of the Strait of Magellan. Its objective was to become a fortress that would reinforce the control of the Spanish Crown in a strategic maritime passage, but the mission became so complicated that the town ended up becoming a death trap for its settlers. Things went so badly that with the passage of time the citadel ended up being renamed ‘Port of Hunger’a name much more in line with what happened there in the 17th century, and its memory it faded in the mists of history. We had to wait until well into the 20th century so that the secrets of King Don Felipe would emerge from oblivion… and the earth. Now the archaeologists have found among its ruins a small piece of silver that in March 1584 Pedro Sarmiento de Gamboa himself deposited there during the founding ceremony of the town. In its day it was a simple currency (a real of eight) that was used for ritual purposes. In 2026 it has become something more: a compassa guide that will help researchers better understand the structure and location of the city of Rey Don Felipe, the cursed citadel in the Strait of Magellan that should never have existed. At the ends of the world Today the world lives pending what happens in the Strait of Hormuz. Almost five centuries ago the eyes of the Spanish Crown were directed towards another maritime strait with important strategic value: that of Magellana navigable strip located south of what is now Chile and that stands out as the natural connection between the Pacific and the Atlantic. Since Ferdinand Magellan crossed it for the first time, in the autumn 1520the pass became an object of desire for the Spanish Empire, especially after other expeditions managed to cross it successfully and the English entered the race for its control through late 1570s from the hand of the corsair Francis Drake. To guarantee Spain’s geopolitical plans and its exclusive control of the transoceanic passage, the authorities had an idea: found permanent settlements in the area. The mission fell to Pedro Sarmiento de Gamboaa hardworking sailor who, among other missions, had participated in a (frustrated) mission of the Viceroyalty of Peru to hunt down Drake. Sarmiento first undertook an expedition with two ships in the autumn of 1579 to reconnoiter the coastline of the strait and explore its coasts and, once back in Spain, in 1580 he played a decisive role in getting the Council of the Indies to decide to build citadels and fortifications in the transoceanic passage to America. The expedition left Sanlúcar at the end of September 1581 with a fleet of 23 boats and around 3,000 men, including sailors and future settlers. Despite his enormous ambition, the adventure started badly. And not only because of the differences between Sarmiento and Diego Flores de Valdeswho had been appointed captain general of the Strait Navy. Before even leaving Cádiz, a storm sank half a dozen ships and killed 800 men. What followed next was a journey marked by disagreements between Sarmiento and Valdés, illnesses, the inclemency of the ocean and storms that caused the expedition to lose ships, crew and supplies. After various incidents and vicissitudes, Sarmiento and his men arrived at the strait at the beginning of 1584 and founded a city that they named ‘Purification of Our Lady’. It didn’t work. The location and climate did not help, so Sarmiento looked for a new enclave, near Cape Vírgenes, and founded a settlement which he called ‘Name of Jesus’. Determined to continue with the mission, the sailor chose part of the 340 people he kept and looked for a third location to create another citadel. On this occasion he baptized it with a nod to the Habsburg court (King Don Felipe) and celebrated the founding ceremony in March 1584. We know that Sarmiento himself participated in the ritual. On March 25, he laid the first stone of the citadel church and, with it, in the foundations, buried a real of eight silver. As they explain from the Bernardo O’Higgins University of Santiago, it was “a symbolic gesture that marked the birth of the city.” If the ritual was intended to promote the settlement’s fortunes, it only half worked. It has served archaeologists of the 21st century, who have just found the coin “in place and position” described by Sarmiento in his writings and now, thanks to that clue, they will have an easier time interpreting a map of the 16th century in which the buildings of the town are represented. The one who certainly had no use for the currency was the colonists who settled in Rey Don Felipe city. Theirs was a tragic story from the beginning. a cursed city Ciudad Rey Don Felipe may have enjoyed a privileged location from a geopolitical and strategic point of view, but the truth is that it soon became hell for its settlers. And not only because the crew of the ill-fated (and diminished) Armada del Estrecho arrived in Magallanes at the limit of their strength. In ‘Port of Hunger. Beyond the legend’a work signed by the historian Soledad González and the archaeologist Simón Urbina, a key piece of information is provided: “On board the ships or on land they saw people die or desert. nine out of ten colleaguesfriends or family. As if that were not enough, after founding the Nombre de Jesús settlement, the crew divided into groups to expand towards the Santa Ana peninsula, precisely to establish Rey Don Felipe. Once there, and despite the fact that Sarmiento de Gamboa was quick to lay the foundations of the new citadel (both in a metaphorical and literal sense), things did not improve. The scene looked so bad … Read more

In Spain we could do worse

May 24, 2026 by usatoday24

If you are one of those who At the end of the salary they still have a month leftyou have probably wondered at some point in which corner of the world your monthly salary would be enough to cover your basic needs. For that to happen, salaries They must be proportional to the cost of living in that country. This proportion is what defines whether employees in those countries have better or worse purchasing power. That is, if they can buy more or less things with their salaries. To facilitate the visualization of these salary data, the portal VisualCapitalist has created an illustrative graph that represents the salary data of different countries in the world collected by the International Labor Organization. In this way, at a glance we can get an idea of which countries in the world earn more wages and in which of them the purchasing power of their employees is lower. Data adjusted for purchasing power parity Before beginning to explain these data, it is worth emphasizing that the data it provides In its report the ILO is data purchasing power adjusted (PPP). That means that do not directly reflect the real average salary in the local currency of each country that workers receive, but rather a corrected figure to be able to compare how much that money really means in different economies. This adjustment is necessary because the cost of living varies greatly between countries. A salary of 2,000 euros does not offer the same standard of living in Spain as in Switzerland, Luxembourg or the United States, where housing, food or transportation are usually much more expensive. The purchasing power parity try to correct that difference. Instead of just comparing how much a person earns, compare how many goods and services they can afford on that salary in each country. A simple example: if one person earns 2,000 euros in Spain and another the equivalent of 3,500 euros in Switzerland, on paper the Swiss salary seems much higher. However, since prices are also much higher in Switzerland, the real difference in purchasing power It can be quite minor. The PPP adjustment serves precisely to put both salaries on a comparable scale. Therefore, when the report shows PPP-adjusted salaries, what you are comparing is not so much the amount of salary you earn, but rather the real purchasing power between countries. That is to say, there is no point in having an apparently very high salary if the cost of living in that country is terribly expensive. In that case, the salary adjusted for purchasing power will be represented with a lower amount. In which countries the salary increases the most The graph leaves no room for doubt and Luxembourg leads the ranking where the salary yields the most with 9,307 dollars per month adjusted by PPP. Furthermore, it is the case that the Grand Duchy also has the highest minimum wage of Europe. Luxembourg surpasses Belgium in second place with $8,297 per month, and the Netherlands in third place with $7,234 as a parity-adjusted salary. Fourth place on the list corresponds to Austria with 6,832 dollars per month, followed by the United States and Finland, which are in fifth and sixth position respectively with salaries of just under 6,300 dollars per month each. Four of the top five positions are European, which shows that the old continent has economies that offer monthly salaries proportional to the cost of living. The countries where the salary yields less The surprise of the ranking is Switzerland with adjusted salaries of $4,683 per month adjusted by PPP. Although the Alpine country has some of the highest real wages in the worldis placed behind Canada or Italy after adjustment for local costs. That is to say, Swiss salaries are among the highest on the continent, but so are the prices of products, so purchasing capacity is reduced of its citizens. The high price of housing, services and consumer goods significantly reduces the real value of the Swiss salary. There is a large gap between the top positions on the list and the countries that are below the Top 10. For example, France is in twenty-fifth position with an adjusted salary of $3,064, which is a salary three times lower than its neighbor Luxembourg. The real average salary in France is around 3,650 euros per month, which leaves the PPP-adjusted salary slightly below. This indicates that the cost of living is slightly higher than the purchasing power of their salaries, so, overall, living in France is somewhat more expensive than living in Luxembourg. The same happens with Poland and Greece, which with adjusted salaries of 3,082 and 3,546 dollars respectively, close the list of countries in which it is most expensive to live for their workers. Spain’s wage stagnation With 5,166 dollars per month adjusted by PPP, Spain is located in the upper-middle zone of the table with just 56% of the purchasing power of the world leader. The case of Spain is the opposite of that presented in France and, on a smaller scale, follows in the footsteps of Luxembourg. The adjusted salary doubles the real average salary which, according to data from the Adecco Salary Monitor 2025is around 2,048 euros. This indicates that the salary in Spain allows the reference shopping basket to be assumed without major problems. That is, the purchasing power of employees in Spain allows them to make ends meet and leaves a certain margin for savings. However, the price of housing in Spain continues to be the main drag on purchasing power of the Spanish. For this reason, salaries in Spain have not climbed positions, despite the latest increases in the Minimum Interprofessional Wage that has moved the average salary upwards of the country. In Xataka | Although salaries have risen 8% in Spain, an upward trend emerges: poor workers Image | VisualCapitalist

Before Spielberg’s shark arrived, a movie spread panic in Spain with something simpler: staying locked up

May 24, 2026 by usatoday24

When Antonio Mercero and José Luis Garci traveled to New York in the early 70s, they were climbing the Statue of Liberty when they both decided that José Luis López Vázquez had to star in his next project. Years later, that intuition would end up giving rise to one of the most traumatic images on Spanish television. The real terror is not sharks. Years before Hollywood popularized everyday fear with movies like Jawsa Spanish production of just 35 minutes achieved something even stranger: making thousands of people afraid to enter a telephone booth. The idea was absurdly simple. A man comes in to knock and discovers he can’t get out. Nothing else. But Antonio Mercero immediately understood that there was something deeply disturbing there. It wasn’t just the physical claustrophobia of being trapped inside a glass box. It was the anguish of feeling watched, ignored and finally abandoned throughout the world while everything continues to function normally around. The cabin turned an everyday and seemingly innocent object into one of the most disturbing images on Spanish television. A simple gag. The most fascinating thing is that the film began almost like a joke. Antonio Mercero, José Luis Garci and Horacio Valcárcel initially imagined a comical situation about a man unable to get out of a telephone booth. But Mercero he became obsessed with that image. For years he kept thinking about it until he found the key that transformed the story into something completely different: the protagonist I should never escape. That’s where the real terror appeared. The cabin went from being an absurd sketch to a existential nightmare. Mercero himself understood that the film had to change tone without the viewer realizing it, starting out as an almost friendly comedy of manners and ending up becoming a terrifying descent into something irrational and macabre. In fact, that gender twist continues to be one of the most revolutionary things about the work today. Kafkaesque Madrid. Much of the strength of The Cabin comes from how you use spaces completely normal to make them oppressive. The inner courtyard of Chamberí where the first part takes place functions as a small social laboratory: neighbors watching from balconies, onlookers laughing, police incapable of helping and pedestrians transforming the suffering of others into an improvised spectacle. Mercero obsessively took care of visual details to increase tension. For example, the cabin was painted red because the color generated more nervousnessand was built slightly narrower to enhance the feeling of suffocation by José Luis López Vázquez. The protagonist appeared dressed in dark clothing, “like a fly trapped in a honeycomb,” according to explained the director himself. And then there was the final trip through the peripheral Madrid of the 70s, passing through tunnels, open fields and industrial structures until arriving at the Aldeadávila hydroelectric plant, converted into a kind of mechanical underworld full of corpses trapped in other cabins. Mercero and López during filming López Vázquez and fear. Mercero needed an actor capable of sustaining practically the entire film without dialogue. The story depended on the body expression, the eyes and how the protagonist’s face evolved from initial shame to absolute despair. That’s where José Luis López Vázquez appears, who immediately understood how special the project was and got completely involved in it. The actor even asked roll chronologically to emotionally construct the deterioration of the character. during filming endured extreme heat inside the cabin and physically dangerous scenes suspended over enormous heights while the structure was transported by cranes. All of this was reflected on the screen and it is one of the reasons why the film works, because the viewer physically feel the fear of the character. López Vázquez manages to convey the humiliation of becoming a public spectacle and the horror of understanding that no one is going to save you. Paranoia in Spain. The impact was so great that it bordered on collective psychosis. What’s more, the day after the broadcast, José Luis Garci counted that he saw several people holding the door of the booths with their feet while they called to avoid being locked out. The anecdote was repeated in many Spanish cities. The paranoia reached such a point that Telefónica itself even hired López Vázquez to star in ads intended to reassure the population and convince them that the cabins were safe. The phenomenon is very reminiscent of what Spielberg would achieve two years later with shark: turning something everyday into a permanent source of anxiety. The difference is that Mercero achieved it with something even more banal. There was no need for a monster hidden underwater. A door that didn’t open was enough. More than a horror movie. Part of the greatness of The Cabin is that it continues allowing interpretations more than half a century later. Some saw a review direct to Francoismto the lack of freedom and the feeling of confinement in Spanish society at the time. Others found a reflection on human lack of communication, collective indifference or even death. Mercero always downplayed those readings and said that he was simply interested in telling the story of a trapped man. Be that as it may, that is probably where its strength lies. The movie never fully explains anything. It works like an open parable where each viewer projects their own fears. Maybe that’s why it continues to be so uncomfortable today. Because phone booths disappeared years ago, but the feeling of feeling trapped while the rest of the world watches without doing anything is still completely recognizable. Image | x In Xataka | “Hit me for real”: the story behind Sylvester Stallone and one of the most dangerous scenes in film history In Xataka | The day a man dared to go further than anyone else: a real fight with Bruce Lee where there were no limits

Today the culmination of one of the most famous series in the history of Spain arrives on Prime Video in an ironic closing format

May 22, 2026 by usatoday24

When the series ‘Aída’ ended in June 2014 with four million viewers saying goodbye, no one seriously considered a sequel. A decade later, Paco León turns that reunion into metacinema with ‘There and back’which now premieres Prime Videoa film that functions as another chapter, but also as a question about what it means to revisit something that has not completely disappeared from collective memory. It is clear that the dizzying audience figures for ‘Aída’ belong to another era, when audience fragmentation was not as great as it is now. At one of its peaks, the series reached 33.2% share and 6,282,000 spectators. Throughout its nine years on screen, the series led the audience in its first two seasons; During the 2006-2007 season it was the most viewed Spanish fiction, and in the following season it not only maintained the leadership, but did so above foreign productions. ‘There and back’ arose as a commemoration of the tenth anniversary of the end of the series and twenty years of the original premiere. The filming featured almost the entire original cast (Carmen Machi, Mariano Peña, Miren Ibarguren, Eduardo Casanova, Pepe Viyuela, Melani Olivares, Canco Rodríguez and León himself), with the notable exception of Ana Polvorosa (Lore), who felt that she was not at her best to reprise her role. The twist that no one expected was the one that led the film to merge elements of fiction with metanarrative to show the recording process of an episode, mixing the original characters with the actors themselves giving life to themselves. The narrative axis is Carmen Machi’s resistance to returning to the character, and all this with abundant reflections on the nature and limits of humor, which the original series exceeded on numerous occasions. Can’t you make humor out of anything anymore? ‘Back and forth he does it… and he also wonders why. In Xataka | This Prime Video series ends after 7 years and 40 chapters, making history with an audience more divided than ever

We have hundreds of abandoned silos in Spain. Extremadura has found the perfect technology to convert them into batteries

May 22, 2026 by usatoday24

There are industrial infrastructures that, when they stop being useful, end up blending into the landscape without making much noise, turned into concrete ghosts. The old grain silos, which for decades were the vibrant heart of the agricultural economy of many towns, are today the best example of this reality in rural Spain. However, the energy transition has brought them a destiny that is as unexpected as it is promising. The region of Extremadura has decided to give a second life to these abandoned giants next to roads and plains, transforming them into enormous facilities to store renewable energy. Silos in batteries. All of this materializes under the THESILO projecta cross-border initiative that has just been officially presented in the small town of Torremocha in Cáceres. There, the City Council has donated a disused silo to house the first experimental pilot that will test this technology in real conditions. The urgency of this essay is better understood when looking at the sector’s figures: over the last year, according to data from Red Eléctrica de España (REE)nearly 10,000 MW of new renewable power were installed in the country. The conflict arises when this enormous production is concentrated at specific times of the day, especially with photovoltaic technology. In very sunny regions like Extremadura, the electrical grid collapses as it cannot absorb all the available energy, causing the dreaded “dumps”: plants that must stop their production because there is nowhere to store the electricity and the energy is wasted. So the solution proposed by THESILO is brilliant in its simplicity: take advantage of these enormous concrete structures to store electrical surpluses in the form of heat. Nordic inspiration. Although visually it may seem like science fiction, this concept already has a solid precedent in northern Europe. In Finland already operates successfully the system Power to Heat (energy to heat) through gigantic “sand batteries”. In the town of Pornainen, a silo filled with 2,000 tonnes of crushed soapstone is capable of storing heat at temperatures of up to 500°C for months, achieving an efficiency of between 85% and 90%. The Extremaduran project It is based on the same principle: When renewable production skyrockets and electricity loses value in the market, that excess energy will be used to power high-efficiency resistors that will generate heat. This heat will be trapped inside the silo using very low-cost granular materials as a storage medium. There is no need to use construction sand; The use of recycled waste from quarries, industrial by-products and demolition materials that resist high temperatures in a stable and economical manner will be investigated. Once stored, the objective is that this heat can be distributed through thermal exchange systems to supply the local agri-food industry, public buildings or homes in the surrounding municipalities. The project, whose execution It is scheduled between January 1, 2026 and December 31, 2028, and is structured around four main axes, ranging from the adaptation of the silos to the analysis of their legal and environmental viability. X-ray of the project. To understand the magnitude of THESILO you have to look at its figures: framed in the European Interreg POCTEP programthe project manages a budget of more than 1.5 million euros, largely supported by FEDER funds. The cross-border consortium is led by the Iberian Center for Research in Energy Storage (CIIAE), which has built a strategic network with Spanish and Portuguese allies such as AGENEX, INTROMAC, ADAI, AreanaTejo, the Polytechnic of Portalegre and ITECONS. An essential union of forces to cover the EUROACE euroregion (Extremadura, Alentejo and Central Portugal), an extensive territory where today 1,050 disused silos await with the potential of becoming the thermal battery network of the future. An impact that crosses borders. Beyond the technological component, the socioeconomic impact is the true driving force of the initiative. The Secretary General of Science, Technology and Innovation, Javier de Francisco Morcillo, stressed during the presentation that the ultimate objective is the “boost of business growth and the revitalization of rural communities.” According to the secretary, Europe demands that the knowledge generated “leads to a transfer of results that results in immediate socioeconomic improvement.” Furthermore, he highlighted the capacity of Extremadura to lead these cross-border funds, recalling that the region has captured between 2021 and 2025 more than double the funds from the Horizon Europe program compared to the 2014-2020 period, according to data from the CDTI. The future involves recycling the past. There are still unknowns to clear up and regulatory procedures to overcome to demonstrate that this model works on a large scale. The Torremocha pilot will be the true test of fire to evaluate how the original structure of the silo responds to high temperatures and certify whether the investment makes sense compared to other solutions that are gaining ground, such as hydraulic pumping or chemical batteries. However, THESILO perfectly summarizes where the energy transition in Europe is headed. Decarbonization cannot depend solely on newly built pharaonic infrastructures; It also requires projects that embrace the circular economy. Reusing already built infrastructure not only reduces costs and avoids new construction, but also brings forgotten giants back to life, attracting investment and employment to areas that have been losing population for years. A demonstration that the solution to tomorrow’s energy challenges may be hidden in plain sight in the towns of rural Spain. Image | Xataka Xataka | Finland has found a cheap way to store energy all winter: a tower of 2,000 tons of sand

For centuries Spain shone for its castles. Today we do not know exactly how many there are and we have thousands that are increasingly dilapidated

May 21, 2026 by usatoday24

There are times when the best way to raise awareness is to take out a cell phone at the right time and place. Occurred a few weeks ago in Escalona, Toledo, when one of the tourists waiting to enter the castle of the town observed that stones were beginning to fall from one of the towers. His impulse was record the scenewhich ended up immortalizing the mere five seconds in which the structure crumbles in a cloud of dust, taking with it centuries of history. The video ended up going viral and leading to another debate: the conservation of the castles of Spain. At the end of the day Escalona It is not a unique case. Two collapses in one year. Escalona Castle is a stately fortress whose history can be traced back to Roman times and covers a period that extends from the 1st century AD to the 12th century. Neither that, nor its status as BIC, nor the City Council’s plans to restore part of the structure prevented two months ago, March 14the albarrana tower will collapse in front of a tourist’s camera. the castle Almonacid of Toledo It is also another heritage jewel of Muslim origin whose chronicle dates back to at least 848. Again, neither that antiquity, nor its enormous historical wealth, nor its protection like BIC prevented one of its most emblematic towers from would fall apart after several weeks of heavy rain. “We have reached this situation because they (the Board and the owners) did not spend a euro on historical heritage. In the end what we feared has happened: it has fallen,” explained the councilor, Almudena González, to The Country. @latinus_us Tourists recorded the moment in which the tower of the Escalona Castle collapsed, in Toledo, Spain; there were no injuries. The site dates back to the 11th century and in 1922 it became a Site of Cultural Interest. #Latinus #InformationForYou ♬ original sound – Latinus – Latinus How is it possible? That’s it the debate that began to gain strength after both events, especially because both occurred in a surprisingly short period of time, not far away and affected fortresses with high historical value. Added to that is the viral video of Escalona. The truth, however, is that both news have stirred up a problem that is by no means new. Although the vast majority of castles in Spain enjoy heritage protection since 1949in practice the state of conservation of the thousands and thousands of fortresses that are distributed throughout the Spanish geography is very “unequal”, as explains Miguel Ángel Bru, member of the Spanish Association of Friends of Castles (AEAC), to the SER. Do we handle data? Some. And they paint a scenario that clearly could be improved. In the same interview in which he was asked about the heritage of Castilla-La Mancha (where Escalona and Almonacid de Toledo are located), Bru provided a revealing percentage: only 20% of the castles have been rehabilitated and are maintained in an acceptable state. The remaining 80% present more or less serious conservation problems. Another interesting approach is provided by Hispania Nostra, an association that is dedicated to the defense of Spanish heritage and is known above all for its “Red List”which includes those elements “threatened by a serious risk of destruction, disappearance or irreversible loss of their heritage values.” If we search for “Castles and fortified architectural complexes” we obtain dozens and dozens of results spread throughout the country. And the selection increases if we include other types of structures, such as “forts, military buildings, towers or walls.” The percentage: 60%. Probably the most shocking fact was shared a few days ago by Bru on a talk with The Country in which he warned precisely about the state of conservation of a large part of the heritage: “Six out of every ten castles in Spain are exposed to collapsing, but if we refer to smaller landslides, partial falls, we would already be talking about eight out of ten.” In reality, the problem is not only that it is estimated that 60% of the fortifications are in conditions very far from what would be ideal. The real challenge is that we don’t even have a complete, closed ‘photo’ of how many structures there are. “The first catalog there is is from 1968, it is the one recognized by the Ministry of Culture, but it is completely insufficient because the number of records is very low,” duck the director of the AEAC. To solve this, the association has been developing for decades a list of defensive structures that already exceeds 10,000, but that does not mean that the study has ended. If we want to protect the castles, the first stepEssentially, it is to have a precise idea of how many fortifications exist. The other figure: 2,807. Right now the catalog of Castles of Spain includes a total of 10,362 registered properties. That is the global figure, the most updated photo that the association has achieved. When we go down to detail, however, we obtain other more worrying ones. Of those 10,362 castles, only 728 They are in “very good” condition. 2,209 They are considered to be in good condition and 1,037 They are in a situation that technicians consider “regular.” In 537 cases the collective speaks of “consolidated ruins” and in 2,087 of “progressive ruin.” The entity contemplates still other scenarios, such as fortifications that have already disappeared or that have been altered. The big question: Why? How is it possible that, despite their high heritage, historical and even tourist value, and that they are protected by state regulations, there are so many castles with poor conservation in Spain? There are several factors that come into play. One is that not all buildings play the same cards. There are large historical complexes located in populated areas that have become symbols ‘pampered’ by the administrations. And also isolated fortifications or in rural areas that have not suffered the same fate. If we talk about … Read more

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

May 21, 2026 by usatoday24

Just look at the list of greatest fortunes in Spain of the last two years to realize that not only have their assets grown, but even among the wealthiest a gap has been created increasing among the rich and ultra-rich. This wealth gap is not an isolated phenomenon among the richest 1%, but rather has permeated to the entire population, leaving a worrying generational scar to which they have already put a figure: 340,000 euros. That is the difference in assets that today separates a person under 35 years old from someone who is between 65 and 74, according to a report which has just been published by the Santalucía Institute. A generation that starts from scratch. The data from the report maintain that the median wealth of those under 35 years of age in Spain has plummeted by 76.7% in the last 18 years. Not only do they accumulate fewer assets than their parents at the same age, but a growing proportion of young people “lack significant assets, which limits their financial stability and their ability to undertake long-term vital projects,” the report notes. The participation of young people under 35 years of age in the country’s total net wealth went from representing around 8.2% of the national wealth in 2002 to just 2.1% in 2022. For their part, those over 75 years of age, in the same period, went from representing 8.3% of total wealth to 18.3% in 2022. wealth transfer that has been redesigning the economic map of the country. This means that, although the net wealth of Spanish households has grown by 80.9% in the last two decades, this growth has mainly benefited those who already had a certain initial wealth, making the balance of wealth growth lean more towards the older (and more wealthy) population. The brick that only rose for a few. The report from the Santalucía Institute assures that the heritage in Spain rests almost completely in the homethus explaining the origin of the wealth growth of the oldest segment of the population. More than 80% of household assets are real estate. That has favored those who bought properties when prices were affordable. Those that came laterToday’s young people have found a market where buying a home is little less than a utopia. The property rate among those under 35 years of age has fallen from 35% in 2023 to 30% in 2025, continuing with a clear downward trend. Without home ownership and with skyrocketing rents At historic highs, the assets of young people have no basis on which to grow. Added to this is the job insecurity that characterizes this age group, which further reduces their savings capacity, closing a circle of which it is increasingly difficult to escape. The generation gap in figures. According to data from the ‘Family Financial Survey‘ conducted by the Bank of Spain, the gap between generations reached its historical maximum in 2022 and rose an additional 3% in 2024, the last year for which the entity’s data is collected. People between 65 and 74 years old accumulate on average more than 425,000 euros in deposits, investments and real estate assets, compared to the 83,000 euros that, on average, those under 35 have available. The distance between generations, estimated at 340,000 euros, has never been so great. Beyond the gap between generations, a report Prepared by FEDEA economists based on data from the Bank of Spain, it confirms that wealth inequality in Spain has grown constantly in the last two decades. The richest 1% concentrates around 21% of the country’s total wealth, while the poorest half barely reaches 7%. The Gini index, which measures this inequality, has risen from 0.57 in 2002 to 0.69 in 2022. Income also distances. The problem for the youngest is not only the accumulated wealth, but also in the income they receive every month. The median income of households between 65 and 74 years old already reaches 34,700 euros per year, this is 2,700 euros above what households headed by those under 35 years of age earn. The most striking thing is the speed at which this change has occurred since, in 2022, that difference was just 500 euros per year, but in just four years that difference has multiplied by five. Young households already have 8% less income than older households. Less income, less savings, less assets. The Santalucia Institute report, just as the OECD for yearswarns that this model points to structural inequality that will have direct implications for housing, the ability to save (and consume), and the redistribution of wealth. In Xataka | How wealth inequality has changed in the world since 2008, explained with a simple graph Image | Unsplash (Towfiqu barbhuiya, Brayn Ramos)

Spain will have 27,000 new civil servants. The surprise is that experts in AI, cybersecurity and data science are now sought

May 21, 2026 by usatoday24

In recent years, Spain has promoted the public employment calls. This has managed to beat historical figures in the number of places and, although the OEP (Public Employment Offer) of 2025 took its foot off the accelerator, the Council of Ministers has just approved the OEP corresponding to 2026 with figures somewhat higher than those of the previous period. What draws attention is something else: the 1,700 positions for information technology specialists to achieve a ambitious goal. Transform Administration thanks to AI. 27,000 for the AGE. How has published The Government through the Ministry for Digital Transformation and Public Service, the OEP 2026 includes 27,232 places for the General Administration of the State. It represents a small increase compared to the 26,889 places last yearalthough it continues to show that there is a personnel problem. The breakdown is 26,886 ordinary places and 346 corresponding to an extraordinary offer linked to the climate emergency. The Government points out that this offer will generate 6,200 net jobs and ensures that, since 2021, the different public employment offers have met the objective of rejuvenating the public workforce, with an average age now at 49 years. New specialists. Now, the big news is that the Administration wants profiles that are much more specialized in technology. Of these positions, 1,700 will be for information technology specialists. It is estimated that it is 42% more than those called in the previous offer and it is not only the increase in places, but also the profiles they are looking for. Because what they are looking for are “specialists in Artificial Intelligence, Cybersecurity and Data Science” with the aim of, according to Minister Óscar López, “transforming the Administration.” López points out that we have to see what the administration’s priorities are, the needs of citizens and, thus, “have a more effective and efficient administration with the use of AI and the creation of quality public employment.” More digitization. This increase in digital profiles is supported by Government figures that indicate that the percentage of citizens who use official websites or applications is 83% while the European average is 75%. Furthermore, they point out that Spain is seven points above the average in digitalization of the Public Administration. The objective they aspire to is to increase digital administrative procedures by 25%, digitizing public administration. If this is going to be accompanied by the destruction of jobs, López affirms no and that what they are going to do is transform those jobs, not destroy them. They do not detail much else, other than that a series of digital training courses will be carried out with AI modules and “data tools” to strengthen the digital skills of all public employees. Exceeding 37,000. In total, counting the beaches already announced for the National Police, Civil Guard and Armed Forces, the OEP 2026 will exceed 37,000 places, slightly above the 36,588 last year. And, beyond the striking nature of these digital offers in AI and “data”, the Government intends to reinforce strategic areas such as the energy transition, the prevention of climate emergencies and the fight against climate change. The problem is that, according to the OECD, Spanish public employment remains below the international average. In the 2025 report, the OECD pointed out that Spanish public employment represented 15.25% of the total active population in 2023, with the average for all OECD countries being 18.41%. We will have to wait for more recent reports to see if the record rally of 2023 and 2024 has reversed the situation. Image | Treball Generalitat (edited) In Xataka | The easiest oppositions to pass in Spain following three criteria: by syllabus, by places and by requirements

Spain has broken records in youth employment. The bad news is that one in three unemployed people is already over 50 years old

May 20, 2026 by usatoday24

Unemployment in Spain has been chaining months of good news. In April, the number of unemployed fell to 2,357,044 people, falling below 2.4 million for the first time since June 2008. The story, seen from afar, is that of a labor market that has finally left its worst unemployment figures behind. However, that story has a blind spot. When the data is broken down by age, the initial optimism gives way to reality: the labor market is improving, yes, but not for everyone equally. The workers over 45 years they continue to fall behind, and the latest data of the State Public Employment Service (SEPE) confirm it. Senior unemployment is close to 60% of the total. Of the slightly less than 2.35 million unemployed counted in April 2026 in Spain, 1,376,550 unemployed were 45 years old. This represents 58.4% of all registered unemployment. In other words, six out of ten unemployed They are over 45 years old. The bad news doesn’t end there. Within this group of people over 45, one in three unemployed people is already over 50 years old. To put into perspective what that percentage implies, we must compare it with what happened in the same month among those under 25 years of age. Youth unemployment has improved its percentages with a drop of 10.2%, with 19,284 fewer young people on the SEPE lists. If we return to the data for those over 45 years of age, we find that only 19,990 people in this age group they found a job, but in this case the decrease has only meant a drop of 1.43%. That is, given the progressive aging of the active population in Spain, those over 45 years of age are the largest group, so although the number of people who have found employment are very similar, the weight as a whole is very different. Less unemployed, but more chronic unemployment. At the end of the first quarter of 2026, the segment of those over 55 years of age was close to 4.93 million employed people. This represents 22% of all workers in the country, with 242,500 more people than a year before. These are figures that reflect that, on the one hand, the active population is increasingly older and, on the other hand, he is retiring later and remains in the labor market for longer. The second bad news for those over 45 years of age is that those who lose their job at that age have enormous difficulties in recovering it. In March 2026, those under 25 years of age signed 308,094 contracts, compared to the 367,204 signed by the group over 45, which doubles the percentage of the active population in number. That leaves us with one conclusion: senior hiring is proportionally tiny. He Labor Market Report for People over 45 years of age 2026 prepared by the SEPE, indicates that this group will exceed 11 million employed during 2025, more than 50% of the total number of workers. Even so, this massive presence in existing employment does not translate into the same rate of access to new opportunities. This is an indicator that the barriers to the reintegration of those over 45 into the labor market continue to be insurmountable. once you lose your job. Proof of this is that 53% of the 755,500 unemployed people over 50 have been looking for a job for more than a year without finding it. Youth unemployment breaks its own record. The scenario for those under 25 years of age is diametrically opposite. unemployment among those under 25 years of age It closed April 2026 at 24.53% with a total of 169,693 people, the lowest figure in the entire SEPE historical series. In year-on-year terms, it represents a drop of 14.2% compared to April of last year, when there were 197,674 young people unemployed. A decade ago, in 2015, the youth unemployment rate in Spain stood at 44.4%. This sustained decline has no equivalent in any other age group, which makes youth employment one of the great successes of the Spanish labor market in recent years. In aging it is a determining factor. As the data show, age defines large differences in the impact of unemployment between the different segments of the active population, but this differentiation also means that unemployment punishes some communities more than others, with a special impact on emptied Spainwhere young people have moved to the large industrial hubs. By province, Zamora stands out strikingly because more than 62% of its unemployed are over 45 years old. Pontevedra and La Coruña also present very aging unemployment structures. In Xataka | There is a man who has been working for the same company for 85 years. And he has no plans to retire. Image | Unsplash (Hasan Mrad)

Nobody has yet been able to with Revolut in Spain. Monzo’s response: “yet”

May 20, 2026 by usatoday24

Spain has been a country of neobanks for some time. Its market share exceeds 25%and they are fully achieving their goal of stealing customers from traditional banking. With Revolut Leading the surprise and capturing more new accounts than banks like BBVA or Santander, there is a new actor with enough muscle to stand up to it. monzo. It may not sound familiar to you, but monzo It is the most used bank in the United Kingdom, with 13 million customers. In other words, more than 25% of English people have an account open at Monzo, and the entity has been working silently for months to obtain the green light from the Bank of Spain. The “OK”. The neobank has been registered with the Bank of Spain as a bank branchhaving formally authorized registration in the BOE. The first key regulatory step for Monzo to set foot in our country, although at the moment there is no set date for its landing. Why is it important. Monzo is not just another niche neobank looking to survive. It is an entity with millions of customers, profitable since 2023, and with a product proposal that has managed to take the UK by storm. If it plays its cards right, Monzo can become one of Revolut’s main players, and a major threat to other propositions such as N26 either Trade Republic. why now. Experts like Jose Luis Antúnez told us back in 2019 why Monzo did not seem to have any special interest in leaving the United Kingdom. The answer was clear: customer service. Regarding traditional banking, neobanks are failing in this aspect, while Monzo has been wanting to be more responsible in terms of experience and service for years. A conservative strategy. Monzo’s differential is not currently in its offer of financial products, it is that it is a simple Neobank. Allows you to use “Pots”, a tool to divide into subaccounts and save by objectives with automatic transfer. It allows you to automate the payroll so that a certain part goes to the savings pot, a certain part to the invoices (direct debits) and the rest is available for spending. Bill Splitting with Friends Remuneration higher than 3% in the United Kingdom. The numbers. Revolut closed 2025 with 6.3 million customers in Spain, its third global market by user volume, after gaining two million in the last year alone. Trade Republic, for its part, went from 1.2 to 2.4 million users between June 2025 and April 2026. Revolut is already the fifth bank in Spain, ahead of ING, Unicaja, Cajamar and Ibercaja. Only 200,000 clients from Sabadell, which has been building a network of offices throughout the country for decades. Traditional banking continues to dominate in volume—CaixaBank has almost 19 million customers—but the ranking is no longer just a matter of entities with branches on every corner. Three of the ten largest banks in Spain are neobanks, and Monzo wants to add a fourth. In Xataka | Revolut wants more than your savings: it’s going after Spanish millionaires

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