A Buenos Aires-type family of four people, two adults and two children, needed $745,270 to be classified as middle class in the City of Buenos Aires, 23.6% more than in November, As reported this Wednesday by the General Directorate of Statistics and Censuses (DGEyC) Buenos Aires
Meanwhile, a similar family needed to receive almost half a million pesos to not be considered poor. And to escape poverty and cover the needs of the Basic Food Basket, it was necessary $290,411, as officially reported this Wednesday.
All calculations carried out by the General Directorate of Statistics and Censuses of Buenos Aires They do not include the cost of rental, which would significantly increase the sum.
The total basic basket (CBT), which marks the poverty line, increased 24.71% last December, three and a half percentage points above what the general inflation of that month in the City marked (21.1% ).
In the year-on-year comparison, due to the impact of inflation on consumer goods, mainly food and beverages, the Basic basket became more expensive by 223.5%, more than 25 percentage points than the general year-on-year inflation, which stood at 198.4%.
Last December, consequently, A typical family, composed of a couple and two children, had to have earned $494,791 to not be considered poor in the City.
Regarding the basic food basket (CBA), which defines the indigence line, the increase compared to November was 27.35%, more than that of the total basic basket. Here the weight of the food is more significant and predominant.
The index rose 6 points more than inflation for the month. In the accumulated of the last 12 months, the difference is even starker.
While inflation accumulated 198.4%, the basket that measures poverty did 248.3%. Inflation hit the homeless 20% more.
Socioeconomic level, according to income
In a situation of destitution: Households whose total monthly income is not enough to cover the Basic Food Basket (CBA – Indigence Line). During December, those who received income less than $290,410.85 belonged to this range.
In a situation of non-indigent poverty: Households whose total monthly income is not enough to cover the Total Basic Basket (CBT – Poverty Line) but allows them to at least acquire the CBA. In this situation are those who receive income between $290,410.86 and $494,791.24
Not vulnerable poor: Households whose total monthly income is at least the CBT and does not reach the Total Basket (TC) of the Consumption Basket System. The range of families with income between $494,791.25 and $596,216.57.
Fragile middle sector: Households whose total monthly income is at least the CT and does not reach 1.25 times the CT of the Consumer Basket System. Income between $596,216.57 and $745,270.72.
Middle sector “middle class”: Households whose total monthly income is at least 1.25 times the TC and does not reach 4 times the TC of the Consumer Basket System. Receiving income ranging from $745,270.73 to $2,384,866.31.
Affluent sector: Households whose monthly income is 4 times or more the TC of the Consumer Basket System. From $2,384,866.32 onwards.
Source: Ambito
