Poverty has no limit in Argentina

[Vince]

I am with you @Avocado on this one.

Inflation is slowing but still not down. Many services are still increasing way ahead of the ofciual inflation figures.

An I am sick of hearing that salaries are up in USD terms , when the government is holding back the FX rate .

Agree. Some salaries have gone up but most aren't near to what inflation is.

Yes it was a good article on the successes and challenges so far.

Unarchived version here for those that don't have FT subscription:

https://archive.ph/5w8oI

I think 2025 will be the real test on how much patience people have.

 

[brandon]

The amount of poverty sure doesn't seem like it's affecting Milei's popularity.

I guess the 50% that don't support him are probably the poor.

Argentina’s soaring poverty levels don’t seem to be hurting president Javier Milei – but the honeymoon could be over

Poverty levels in the country are now above 50% and yet president Javier Milei’s approval ratings remain stable.

theconversation.com

 

[Uncle Wong]

Saw this announced this morning. This should help a lot of the poor with expenses.

https://twitter.com/x/status/1867615227392455145

 

[Larry]

The amount of poverty sure doesn't seem like it's affecting Milei's popularity.

I guess the 50% that don't support him are probably the poor.

Argentina’s soaring poverty levels don’t seem to be hurting president Javier Milei – but the honeymoon could be over

Poverty levels in the country are now above 50% and yet president Javier Milei’s approval ratings remain stable.

theconversation.com

Yes the 50% is the poor that can't afford food. It is noticeable the amount of poor. Good piece today on the poverty in Argentina. Probably will be another devaluation soon and inflation will go back up making poverty even worse than it is.

‘Everything is so bad’: Argentina’s poor hit hard by Milei’s ‘chainsaw’ measures

Rightwing president vowed to rescue country from years of ‘impoverishment’ – but for many the situation is desperate

www.theguardian.com

 

[Finance Prof]

Poverty levels are sinking so @Avocado and @Larry should be very happy.

 

[Betsy Ross]

Poverty levels are sinking so @Avocado and @Larry should be very happy.

View attachment 8282

It isn't only the government that is reporting that poverty is falling. University of Di Tella has a report saying it has fallen to 38.8%. Argentina might end the year with lower poverty levels than 2023.