The delicate economic situation that retirees are going through
According to the Office of the Ombudsman for the Elderly, the basic basket of a retiree would be around $800,000 per month, while the minimum retirement in August 2024 was $225,497.54. Even with the $70,000 bonus, which raises income to $295,000, it is still a figure far below what is needed in the country to cover basic expenses.
However, this situation is getting worse as more and more people are joining in. 500,000 people receiving the Universal Pension for the Elderly (PUAM)which is equivalent to 80% of the minimum retirement, and One million people with non-contributory pensions who earn only $220,000 per month.
In this sense, Eugenio Semino, defender of the elderlyrevealed that the economic situation of retirees is observed in the malnutrition that many of them suffer from.
He even stated that between 80% and 90% of older adults suffer from hypertension and cholesterol problems, but Their pensions prevent them from accessing the food they need to take care of their health. In addition, this group faces difficulties in buying medicines and paying for basic services such as heating, which contributes to a general deterioration in their quality of life.
The Government the law of the new retirement mobility
The Executive announced that Javier Milei will veto the Senate’s approval of the bill that increases pensions by 8.1% and assured that this rule “has as its sole objective destroy the economic program“.
In a statement posted on social media, the president’s administration said that “the president made a commitment to the Argentines to sustain the fiscal surplus at all costs and that is what he will do.”
He also stressed: “The National Congress, in an act of demagogic populism, approved a bill irresponsible, illegal and unconstitutional “which establishes exorbitant expenses without its corresponding budget allocation, which necessarily implies that the Government falls back into the old practices of money issuance, tax increases or indebtedness, which are the same recipes that have led us to failure during the last 100 years.”
Source: Ambito
