A family group of four members requires more than $1,450,239.59 to be part of the middle class in the City of Buenos Aires, according to data from the General Directorate of Statistics and Census of CABA.
A family group of four members requires more than $1,450,239.59 to be part of the middle class in the City of Buenos Aires
PHOTO: Hoy.es
A typical family from Buenos Aires, both economically active and homeowners, needed income of $1,450,239.59 in July.
A typical family from Buenos Aires, made up of a 35-year-old couple, homeowners, with two sons aged 9 and 6, needed income of $1,450,239.59 in July to be considered part of the middle class in the City of Buenos Aires, according to data provided by the General Directorate of Statistics and Census of CABA.
This value represents a increase of 4.3% compared to June. A year ago, the estimate was $363,666.30. The increase was 298.8%.
On the other hand, in order not to be poor due to income, A family of four from Buenos Aires who owns a home needed to have an income of more than $929,845, which is 4.4% more than in June 2024. Meanwhile, the limit that defines poverty for the same social group was $521,602, increasing by 5%, reported the General Directorate of Statistics and Census of Buenos Aires.
Socioeconomic level according to income for a typical family
In a state of destitution. Households whose total monthly income is not enough to cover the Basic Food Basket (CBA – Poverty Line). Those who earn less than 100% of the total monthly income belong to this group. $521,601.89.
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. This is the situation for those who receive income between $496,898.14 and $890,589.95.
No vulnerable poor. Households whose total monthly income is at least the CBT and does not reach the Total Basket (CT) of the Consumption Basket System. The range of families with incomes between $929,845.19 and $1,160,191.66.
Fragile middle sector. Households whose total monthly income is at least the CT and does not reach 1.25 times the CT of the Consumption Basket System. Income between $1,160,191.67 and $1,450,239.58.
Middle class sector. Households whose total monthly income is at least 1.25 times the CT and does not reach 4 times the CT of the Consumption Basket System. Receiving income ranging from from $1,450,239.59 to $4,640,766.67.
“Well-off” sector. Households whose monthly income is 4 times or more the CT of the Consumption Basket System. $4,640,766.68 and up.
Source: Ambito
