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Poverty in the City of Buenos Aires already affects almost a million people - Infobae
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La pobreza en la Ciudad de Buenos Aires ya afecta a casi un millón de personas
El índice de pobreza llegó al 32,1% en el segundo trimestre. Se trata del segundo peor registro de la última década
www.infobae.com
October 02, 2024
The poverty rate reached 32.1% in the second quarter. This is the second worst figure in the last decade
A group of people sleep outside a train station in Buenos Aires, Argentina, May 30, 2024. File photo. REUTERS/Tomás Cuesta
In the second quarter of 2024, poverty in the Autonomous City of Buenos Aires (CABA) affected 26.4% of households, corresponding to approximately 358,000 dwellings. In terms of people, the figure reached 32.1%, equivalent to nearly 989,000 individuals living in poverty. This record represented the second highest incidence in the historical series that began in 2015 for a second quarter, surpassed only by the data from 2020, during the Preventive and Mandatory Social Isolation (ASPO).
For its part, destitution affected 9.2% of households (125,000) and 13.5% of individuals (417,000), figures comparable to those observed at the beginning of the pandemic. Within the group of people and households in poverty, the number of those in extreme conditions increased, representing 34.8% of households with income shortages and 42.1% of people in this situation, according to data published by the Institute of Statistics and Census.
As can be seen, the numbers show a trend in line with the values recorded at the national level. According to Indec, the total poverty rate in Argentina reached 52.2% and increased by 12.8 percentage points in the last year.
The most vulnerable population
Some population groups had higher poverty rates. Female-headed households had a poverty incidence of 31%, compared to 21.5% for those headed by men. Poverty in households with one unemployed member was 2.6 times higher than the overall average, while those relying on domestic services faced a rate of 61.1%. The southern part of the city recorded a poverty incidence of 42.4%, and households with children under 14 had a poverty rate of 39.9%, which increased with the number of dependent children.In addition, 45.4% of children and adolescents in CABA (304,000 people) live in households in poverty, which represents an increase of 5.8 percentage points compared to 39.6% in the previous year.
Photograph of homeless people in a marginal neighborhood this Monday, in the City of Buenos Aires (Argentina).EFE/Juan Ignacio Roncoroni
The per capita family income in households in a situation of indigence was $76,510 in the second quarter of the year, while households in non-indigent poverty received an average income of $203,506. For each household in a situation of poverty to be able to escape that condition, an average of $283,071 would be required, which represents 39.5% of the Total Basic Basket (CBT).
Adding households in poverty and vulnerability, the total reached 38.3% (approximately 519,000 households), which housed 42.8% of the population, or about 1,320,000 people. In the last year, this population aggregate increased from 40.2%.
The middle class, diminished
The middle class, considered part of the “middle class”, represented the largest proportion: 44.2% of households in CABA and 39.6% of the population (about 598,000 households and 1,221,000 people). However, their participation showed a decrease of 5.2 percentage points in households and 5.5 points in population in the last year, which means that the middle class is shrinking in the Autonomous City of Buenos Aires. These figures, together with those of the previous quarter, corresponded to the lowest since the beginning of the historical series in 2015.The “well-off sector” has also shrunk considerably. According to data published by the Institute of Statistics and Census, only 5.3% of the population of CABA is in the highest income stratum. The number has been progressively shrinking over the last few years. In fact, a decade ago the proportion of people with a “well-off” economic position was double the current figure (11.8%).
