Minimum Living Income reaches 2,050,000 people in December, living in 674,000 households

Jan 13, 2025 | Current affairs, Featured, Interview, Portada, Post, Revista Lloseta, Thursday Daily Bulletin, Tradition

It is now possible to apply for the Minimum Living Income (IMV), which takes into account the economic situation of the last 3 months, to benefit those affected by the DANA, when the usual deadline starts in April.

The Minimum Vital Income (IMV) payroll reached 673,729 households in December, in which 2,047,755 people live, according to the latest statistics published by the National Institute of Social Security (INSS). The average amount of the benefit is 470.7 euros per month per household and, overall, this month’s payroll amounted to 352.1 million euros.

In December, there were 141,519 more active benefits than there were a year ago in this same period, an increase of 26.6%. 465,972 more beneficiaries are living in these households than those registered in December 2023 (+29.5%).

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Minimum Living Income reaches 2,050,000 people in December, living in 674,000 households

In cumulative terms since June 2020, when this benefit was launched in the middle of the pandemic, the MVI has reached 943,620 households and has protected the 2,805,670 people who are part of them. More than 1.2 million of them are children and adolescents, specifically 1,219,583, 43.5% of the total.

Since the entry into force of this policy, Social Security has allocated 13,357.1 million euros to the payment of this benefit.

Minors
The IMV is a benefit aimed at preventing the risk of poverty and social exclusion of people who live alone or are integrated in a cohabitation unit and lack basic economic resources. In addition, one of its main objectives is to tackle child poverty.

Minors (459,667) live in 68.2% of the cohabitation units receiving this benefit in December. Among them, there are 116,347 single-parent households. If we look at the profile of the beneficiaries, 41.1% are minors: 842,035.

If we break down the statistics through access to the benefit, we can see that the number of households benefiting from the Child Benefit Supplement (Full IMV and IMV-CAPI) this month is 472,604. This type of IMV means an allowance of 115 euros per household per month in the case of children aged 0 to 3; 80.5 euros per month for each child aged 3 to 6; and 57.5 euros per month for each child aged 6 to 18. The average amount of the supplement this month was 69.72 euros per child and 129.75 euros per household with children.

The MVI beneficiaries are also characterised by a markedly female profile. In December, 67.4% of the holders and 53.5% of the beneficiaries were women.

On the other hand, 82.4% of all beneficiaries are of Spanish nationality and their average age is 45.3 years.