The Basic Food Basket, which measures the poverty threshold, increased by 6.7% compared to April.
A family made up of four people, two adults and two children, in the city of Buenos Aires needed $342,565 to be considered middle class, according to the report of the Buenos Aires General Directorate of Statistics and Censuses (DGEyC). In this way, the Total Basic Basket increased $22,286 7%
Meanwhile, the Basic Food Basket (CBA), which measures the poverty threshold, for a family of four people -two adults and two children- was located at $222,601 for not being poor.
In this way, the CBA increased $14,032 (+6.7%) compared to April and was below the Buenos Aires Consumer Price Index (IPC), which last Wednesday measured 7.5%.
total basket CABA.jpg
General Directorate of Statistics and Censuses.
It should be noted that the baskets measured by the DGEyC of the city of Buenos Aires include people who have a property and leave aside that they do not depend on rent to live.
How much did a family need to not be considered poor?
The Buenos Aires DGEyC measures what a family must earn to belong to the different social strata, taking into account that it is made up of two adults and two children.
- A family was considered in a situation of indigence if they earned between 0 and $125,701.88
- To be considered in a situation of non-indigent poverty, a family must have had an income between $125,701.89 and $222,601.06
- Those families that exceeded $222,601.07 up to $274,052.18, were considered “vulnerable non-poor”
- To be considered from the fragile middle sector, a family needed to earn between $274,052.19 and $342,565.23 in CABA.
- Those families belonging to the “middle class” must have earned between $342,565.24 and $1,096,208.75 in May
- And to be considered from the wealthy sector, a family must have had $1,096,208.76 or more.
Source: Ambito
