Vince
Well-known member
Agree. Some salaries have gone up but most aren't near to what inflation is.
I think 2025 will be the real test on how much patience people have.
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Poverty has no limit in Argentina
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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.
theconversation.com
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
Well-known member
Saw this announced this morning. This should help a lot of the poor with expenses.
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.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.
‘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
Finance Prof
Well-known member
Betsy Ross
Well-known member
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.
CecilM
Active member
I hope you’re right, but it doesn’t feel that way for most people. In fact, we already need to brace ourselves for significant increases in gas, water (Aysa), and electricity bills in January. Similarly, while inflation is supposedly decreasing, people aren’t noticing the impact in their daily lives.
The industry and construction sectors grew in November, showing signs of recovery. This is an indication that things are gradually improving.
www.infobae.com
La industria y la construcción crecieron en noviembre y dieron señales de recuperación
Ambas ramas de actividad tuvieron un repunte con relación al mes de octubre. Cuáles fueron los rubros de mejor y peor desempeño en el penúltimo mes del año
www.infobae.com
earlyretirement
Moderator
🇦🇷In January 2025, in Buenos Aires (CABA), a typical family needed specific income levels to avoid situations of indigence, poverty, and to be considered middle class.
Below are the required amounts and changes in the lines of indigence and poverty:
➡️Indigence: To avoid being considered indigent, a family needed $564,757 ($475 USD). The indigence line increased by 1.4% in January compared to the previous month.
➡️Poverty: To avoid falling into poverty, a family required income of at least $1,064,819 ($895 USD). The poverty line rose by 1.6% during the same period.
➡️Middle Class: To be considered middle class, a family needed income exceeding $1,670,000 ($1,403 USD). The threshold for being middle class grew by 1.7% in January.
These values reflect the ongoing increase in the cost of living in CABA, where the lines of indigence and poverty continue to rise due to inflation and the increase in prices of goods and services.
Below are the required amounts and changes in the lines of indigence and poverty:
➡️Indigence: To avoid being considered indigent, a family needed $564,757 ($475 USD). The indigence line increased by 1.4% in January compared to the previous month.
➡️Poverty: To avoid falling into poverty, a family required income of at least $1,064,819 ($895 USD). The poverty line rose by 1.6% during the same period.
➡️Middle Class: To be considered middle class, a family needed income exceeding $1,670,000 ($1,403 USD). The threshold for being middle class grew by 1.7% in January.
These values reflect the ongoing increase in the cost of living in CABA, where the lines of indigence and poverty continue to rise due to inflation and the increase in prices of goods and services.
Melibaires
Well-known member
I heard that poverty is going down, but in reality, it doesn’t seem that way. If things were really improving, consumption should be going up, but we’re seeing the opposite. Something as basic as meat, which has always been a good indicator, has dropped in demand. It’s strange because if people have more purchasing power, you’d expect to see it in everyday life. Maybe the numbers don’t tell the whole story, or the impact just hasn’t been felt yet.
www.infobae.com
Por la desaceleración de precios, la pobreza cayó por debajo del 40% y habría alcanzado su nivel más bajo desde 2019
Según datos del Indec procesados por la Universidad Torcuato Di Tella (UTDT), el 2024 habría finalizado con un índice de pobreza de 36,8 por ciento. Milei aseguró que la pobreza se desplomó “20 puntos”: qué indican los números preliminares
www.infobae.com
Correct and the prices of beef keep going up! Milei speaks about deflation but he is in denial. Beef consumption is a good indicator of things. When people can't even afford to buy beef in Argentina you know there are issues.I heard that poverty is going down, but in reality, it doesn’t seem that way. If things were really improving, consumption should be going up, but we’re seeing the opposite. Something as basic as meat, which has always been a good indicator, has dropped in demand. It’s strange because if people have more purchasing power, you’d expect to see it in everyday life. Maybe the numbers don’t tell the whole story, or the impact just hasn’t been felt yet.
Por la desaceleración de precios, la pobreza cayó por debajo del 40% y habría alcanzado su nivel más bajo desde 2019
Según datos del Indec procesados por la Universidad Torcuato Di Tella (UTDT), el 2024 habría finalizado con un índice de pobreza de 36,8 por ciento. Milei aseguró que la pobreza se desplomó “20 puntos”: qué indican los números preliminares
Spend Thrift
Well-known member
I don't see how these numbers are accurate at all for Buenos Aires. Maybe if you are in poorer areas but these amounts are nothing for living in the city. Take any parent with children and all of my friends here that have kids are sending their kids to private schools. Just the tuition for 2 kids is more than the income needed for a middle class family.
I don't believe any of these numbers.
CecilM
Active member
Yes, you're right! From what I've read, 1,600,000 is the baseline, but that number is ridiculous. A typical family with those earnings can't really be considered middle class. That's why I say the numbers don't reflect reality, what really matters is what's in people's pockets. It's hard to deny that when you see the struggle families are facing to make ends meet.
www.infobae.com
¿Sos de clase media?: cuánto debe ganar una familia tipo porteña para pertencer a ese estrato social
Los ingresos necesarios para ser considerado parte de la clase media en la Ciudad Autónoma de Buenos Aires subieron 1,81% en diciembre de 2024
www.infobae.com
What really matters is what happens day by day in people's pockets. Consumption has been dropping for months, especially in the food sector, like supermarkets, which is one of the most important and shouldn’t be cut, as it’s directly related to people’s food supply.
www.infobae.com
El consumo masivo cayó 10,6% en enero y los negocios de barrio fueron los más golpeados
La consultora Scentia dio a conocer los datos de ventas en supermercados y autoservicios. Los rubros más afectados
www.infobae.com
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