The Center for Argentine Recovery of the Faculty of Economic Sciences of the University of Buenos Aires (UBA) published a series of reports analyzing the situation of poverty and indigence in Argentina, taking the data from the INDEC Permanent Household Survey (EPH)and warned that in the last year there was a “widespread worsening of economic conditions.”
Regarding the numbers, he pointed out that there was an increase in 43.3% in poverty in the last year and warned of a “fall into destitution of an alarming number of these poor people.” It also specifies that “a “11.4% of the total population went from poverty to an even worse level.”
In interannual terms, the analysis maintains that between the first quarter of 2023 and 2024 there was a growth of 43.3% in the population below the poverty line in general (from 11,352,905 to 16,269,174) but with a very pronounced increase of 131% in the homeless population (from 2,602,472 to 6,012,772).
In that sense, it warns that the increase in the second quarter of 2024 is unprecedented in the period recorded in poverty. reached a 55% and indigence reached 20.3%.
According to EPH data There are 6,012,772 people living in indigent householdswith a peak of individuals in the second quarter of 2024 and 16,269,174 people living in poor households. These are the highest values recorded since 2016.
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Alarming growth in poverty: it reached 52.9% in the first half of 2024
The latest report of INDEC He noted that in the first half of 2024, poverty rose from 40.1% to 52.9%, which represents the highest figure in 20 years. For its part, poverty jumped from 9.3% to 18.1%. Extrapolated to the total population, this implies that some 24.8 million Argentines are poor, while some 8.5 million are in a situation of destitution.
42.5% of households are in povertyabout 4,319,760, where 52.9% of the people live. Within this set, we distinguish a 13.6% of households below the indigence line (LI)about 1,378,142, which includes 18.1% of people
At the end of 2023, Some 19.5 million Argentines were below the poverty line, while now some 5.3 million more have joined and reached 24.8 million.. Meanwhile, the number of homeless people increased by nearly 3 milliontaking into account the social radiography of the first semester of the Government of Javier Milei.
Source: Ambito
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