Poverty has no limit in Argentina

[James Bond]

Take a look at what is happening. I am a doctor. People are literally killing themselves because they can't afford their medications. People taking out loans to pay for their medicine.

This is truly sad. We know so many people that got cut off from reimbursements on medications they need and can't afford them now. This is turning out about how we thought it would go. This lady lived in Belgrano not some poor area. Many are struggling. It seems like many are in total denial right now what is happening there.

 

[lemonade]

The numbers keep changing every few weeks. I think that's part of the reason why no one believes this government with inflation or poverty or anything else.

March 8 Milei says 12 million people are out of poverty.

March 15 he says it's 15 million people.

No one believes anything he says now.

 

[Cheap Bastard]

The numbers keep changing every few weeks. I think that's part of the reason why no one believes this government with inflation or poverty or anything else.

March 8 Milei says 12 million people are out of poverty.

March 15 he says it's 15 million people.

No one believes anything he says now.

Every day he seems to have a different number. Is he just full of sh*t?

 

[Avocado]

 

[Cardiac Arrest]

View attachment 10692

Milei seems more and more like a fraudster. Look at that grift with that crypto. He is a laughing stock around the world. Now it seems he just copies his speeches from other past politicians.

 

[ben]

I saw in the paper the government is trying to say poverty fell again. Does anyone believe this? With inflation rising, especially with oil prices going up and wages going up less than the rate of inflation over 5 months how is this miracle happening?

 

[earlyretirement]

I saw in the paper the government is trying to say poverty fell again. Does anyone believe this? With inflation rising, especially with oil prices going up and wages going up less than the rate of inflation over 5 months how is this miracle happening?

Actually poverty probably did fall in 2025. I'm not sure this will be the case moving in the future if inflation keeps going up. I posted about it earlier today.

Private sector formal wages rose 13.2%, public sector wages went up 10.2% and informal "black" wages went up 23.3%.

You can't just take an average of the wages. The basic food basket went up 16%.

Poverty levels did go down over the period because most of the poorest are working in the "black" informal market in Argentina and this category wages went up 23.3% last year which beats the 16% increase in the Canasta Basica Total (CBT).

Their incomes went up faster than the poverty line last year. The middle class is getting crushed but most of them keep their incomes well above the poverty line.

Also, INDEC measures poverty based on Total Family Income, not individual salaries.

And for the poorest, they are also getting government social programs like the Asignación Universal por Hijo. (AUH) Over the course of 2025, the AUH increased 29,162 pesos per child. This represents an accumulated nominal increase of 31.2% over the year which essentially saves them. Their assistance level increase beat the 16% increase in the CBT.

 

[Wally]

Actually poverty probably did fall in 2025. I'm not sure this will be the case moving in the future if inflation keeps going up. I posted about it earlier today.

Private sector formal wages rose 13.2%, public sector wages went up 10.2% and informal "black" wages went up 23.3%.

You can't just take an average of the wages. The basic food basket went up 16%.

Poverty levels did go down over the period because most of the poorest are working in the "black" informal market in Argentina and this category wages went up 23.3% last year which beats the 16% increase in the Canasta Basica Total (CBT).

Their incomes went up faster than the poverty line last year. The middle class is getting crushed but most of them keep their incomes well above the poverty line.

Also, INDEC measures poverty based on Total Family Income, not individual salaries.

And for the poorest, they are also getting government social programs like the Asignación Universal por Hijo. (AUH) Over the course of 2025, the AUH increased 29,162 pesos per child. This represents an accumulated nominal increase of 31.2% over the year which essentially saves them. Their assistance level increase beat the 16% increase in the CBT.

Thanks for that explanation. It is very difficult to understand and even trust what the government puts out. I see a lot more homeless on the street so it is tough to know what is the truth. But your numbers make sense. I didn't realize that government handouts and social programs increased so much. I guess that explains it. As long as that social assistance % beats the food basket inflation then they will survive.

 

[ben]

Actually poverty probably did fall in 2025. I'm not sure this will be the case moving in the future if inflation keeps going up. I posted about it earlier today.

Private sector formal wages rose 13.2%, public sector wages went up 10.2% and informal "black" wages went up 23.3%.

You can't just take an average of the wages. The basic food basket went up 16%.

Poverty levels did go down over the period because most of the poorest are working in the "black" informal market in Argentina and this category wages went up 23.3% last year which beats the 16% increase in the Canasta Basica Total (CBT).

Their incomes went up faster than the poverty line last year. The middle class is getting crushed but most of them keep their incomes well above the poverty line.

Also, INDEC measures poverty based on Total Family Income, not individual salaries.

And for the poorest, they are also getting government social programs like the Asignación Universal por Hijo. (AUH) Over the course of 2025, the AUH increased 29,162 pesos per child. This represents an accumulated nominal increase of 31.2% over the year which essentially saves them. Their assistance level increase beat the 16% increase in the CBT.

Thanks for that explanation. That makes sense but I just notice a real uptick in homeless I see around town. I guess maybe CABA doesn't represent the rest of Argentina as it is so expensive here relative to other cities. Thank you for posting the data.

 

[Betsy Ross]

Actually poverty probably did fall in 2025. I'm not sure this will be the case moving in the future if inflation keeps going up. I posted about it earlier today.

Private sector formal wages rose 13.2%, public sector wages went up 10.2% and informal "black" wages went up 23.3%.

You can't just take an average of the wages. The basic food basket went up 16%.

Poverty levels did go down over the period because most of the poorest are working in the "black" informal market in Argentina and this category wages went up 23.3% last year which beats the 16% increase in the Canasta Basica Total (CBT).

Their incomes went up faster than the poverty line last year. The middle class is getting crushed but most of them keep their incomes well above the poverty line.

Also, INDEC measures poverty based on Total Family Income, not individual salaries.

And for the poorest, they are also getting government social programs like the Asignación Universal por Hijo. (AUH) Over the course of 2025, the AUH increased 29,162 pesos per child. This represents an accumulated nominal increase of 31.2% over the year which essentially saves them. Their assistance level increase beat the 16% increase in the CBT.

Correct. Many are surprised that welfare payments have actually increased with Milei. That is a big reason why some have been more patient than you would think. Their payments went up. The girl that cleans my house has 3 kids and she told me she gets about $700 USD per month in welfare payments. It's the reason why you see so many poor with kids. I was surprised it was so much because that is more than some people make here.

 

[Avocado]

Correct. Many are surprised that welfare payments have actually increased with Milei. That is a big reason why some have been more patient than you would think. Their payments went up. The girl that cleans my house has 3 kids and she told me she gets about $700 USD per month in welfare payments. It's the reason why you see so many poor with kids. I was surprised it was so much because that is more than some people make here.

Only good thing this HDP has done!