The poverty rate in Argentina reached 43.7%, according to a study by Di Tella University

The Universidad di Tella (UTDT) shared a study that confirms a sharp increase in poverty levels. According to data presented by Martín González Rozada, co-director of the master’s degree in Econometrics at UTDT, 43.7% of the population is now below the poverty line, this being the highest number since 2020.The numbers also revealed a significant increase in the Total Basic Basket (CBT) in Greater Buenos Aires (GBA), placing it at an average of $131,202 per equivalent adult for the same period. This 186.3% year-on-year increase, coupled with a 160.2% increase in total household income (FTT), paints a worrying picture. Estimates derived from the microdata simulation of INDEC’s Permanent Household Survey (EPH) suggest that approximately 44% of the urban population lives in poor households, which is equivalent to about 12.9 million people. Despite efforts to contain inflation, it remains a persistent challenge in the Argentine economy. In January, there was an increase of 20.6% compared to the previous month, with an increase of 254% in year-on-year terms. This has led to a typical family needing an income of $596,823 to avoid falling below the poverty line, while to avoid homelessness, the required income is $285,000.

Original source in Spanish