Spain in a Multidimensional Crisis: a Social Projection of Demographic Trends

The socio-economic situation in modern Spain is complex in many aspects, which makes it possible to characterize the current state of affairs as a multidimensional crisis. The Spanish case shows the interconnection of demographic processes with structurally complicated social phenomena. An overview of the demographic decline and birth rate drop are examined, as well as the plight of young Spaniards as a result of the COVID-19 coronavirus pandemic is given. The article also explores the problems of elder generation going through difficult times. On the basis of statistical data, the authors analyze the medium-term prospects in the dynamics of population panorama, examine the impact of the migration factor, and show how the changing age structure and its attendant consequences pose an ever-wider range of issues for society, concerning both the younger generation and other age groups. From the perspective of demographic transformations, the article observes the situation in the pension sector, in light of the fact that Spain is one of the rapidly aging countries. The methodological approach used by the authors for a comprehensive analysis of demographic and socio-economic problems makes it possible to identify a range of interrelationships between the most important pillars of the Spanish social model.