typical family needed almost $320,000 to not be poor

typical family needed almost 0,000 to not be poor

October 18, 2023 – 16:45

The cost of the total basic basket (CBT), which in addition to food measures the price of clothing, transportation and services, marked an increase of 12.2% in September.

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The cost of The basic food basket (CBA) rose 13.2% in Septemberhence a family group composed of two adults and two minors needed to receive income from $147,881 to avoid falling into povertyThe National Institute of Statistics and Censuses (Indec) reported this Wednesday.

For its part, the cost of the total basic basket (CBT)which in addition to food measures the price of clothing, transportation and services, marked an increase of 12.2% in Septemberso the same family group needed to have income from $319,422 to avoid falling below the poverty line.

In this way, in the first nine months of the year the basic food basket accumulated an increase 120.1%while The total basic basket rose 109.4%compared to the general inflation of 103.2% in the same period.

Meanwhile, in the last twelve months, the CBA cost was located in 160.7% and CBT 149.1%while in a similar period inflation was 138.3%.

Basic basket: how it affected family income

So, the total basic basket– which includes the Basic Food Basket (CBA) plus non-food goods and services such as clothing, transportation, education, health, among others without counting rent – rose 12.2% in September and was placed at $319,422 for a typical family of four members (two adults and two minors).

In the case of three members These values ​​were located in the $254,297 and if they were five members, $335,962. These measurements increased by 149.1% annually. The CBA index measures the poverty line, therefore In September, an adult needed $103,373 to not be considered poor.

For its part, the Basic Food Basket (CBA)which determines the threshold of indigence, increased 13.2%, above the CBA. I need at least one adult $47,858 in September to avoid being homeless. In the case of a typical family (four members) the figure was $147,881. In the case of three members ($117,730) and five, $155,538.

Source: Ambito

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