60% of the employed population earned less than $450,000 in the second quarter of 2024

60% of the employed population earned less than 0,000 in the second quarter of 2024

October 2, 2024 – 16:45

According to INDEC, 62.4% of the population had some type of income, of which 78.1% was labor income and 21.9% was non-labor income.

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60% of the employed population received less than $450,000 in the second quarter of 2024 as remuneration for their main occupation. Likewise, said majority percentage of the working population He received only $38 of every $100 of total income of the workers, leaving the remaining $62 for the wealthiest 40%.

The data comes from the report on Evolution of income distribution published this Wednesday by the INDECwhich uses the information provided by the Permanent Household Survey (EPH). Of the total number of respondents, 62.4% said they had some type of incomeof which 78.1% corresponded to labor income and 21.9% to non-labor income.

Non-labor income showed a greater weight in the poorest segmentss of the population, representing 72.8% of the income of women in decile 4 and 47.5% for men in the same decile.

Meanwhile, The employment rate between April and June reached 44.8% of the total of the population surveyed which, extrapolated to the total inhabitants on Argentine soil, implied approximately a number of 21.1 million workers. Within that world, 15.6 million were salaried (9.9 million formal and 5.7 million informal), while 5.5 million were non-salaried, a segment that includes both well-to-do people, employers, and to individuals who have a hard time making ends meet, like many monotributistas.

In terms of income, the 60% of the poorest workers (from decile 1 to decile 6) were left with only 38% of the total income of those employed, while the richest 40% (from decile 7 to decile 10) ) took 62%. The income ceilings in each decile were as follows:

  • Decile 1: $80,000
  • Decile 2: $150,000
  • Decile 3: $200,000
  • Decile 4: $300,000
  • Decile 5: $370,000
  • Decile 6: $450,000
  • Decile 7: $550,000
  • Decile 8: $700,000
  • Decile 9: $900,000
  • Decile 10: $40,000,000

Source: Ambito

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