A study conducted by the Catholic University of Argentina brought about revealed a huge information that talks about the poverty status of Argentina. The study suggests that the levels of poverty in Argentina have hit a 57.4 percent in the month of January this year. This records the highest rate of poverty in the past 2 decades!
The study also reveals a row of accusations between Cristina Fernández de Kirchner, the Vice President of Argentina and the President Javier Milei's government. The latter came declaring a wide array of shock measures that intended to dal with the severe crisis of the country.
What did the report suggest?
According to the report, over 27 million people in Argentina are actually poor. A total of 15 percent of this poor population are actually in a state of "destitution". This suggests that this 15 percent actually are unable to meet their food requirements.
The social debt observatory of the UCA is actually considered as an important research space. The reports on poverty by the UCA actually cover a wide geographical area, than covered by INDEC, the national statistics agency of Argentina. The social debt observatory of UCA makes use of a methodology that caters to the issue with a multidimensional approach. The findings thus are trusted by economists and politicians alike.
As per the latest report by center, the spike in the levels of poverty in the month of January is, to a certain extent, because of the devaluation of the Argentine peso. This devaluation has been applied by the Milei government soon after taking office in the month of December last year. This devaluation of the Argentine peso has led to a spike in the price of the basic basket of the country. This basic basket includes services and food.
As per the study, the highest impact of this poverty has been experienced by the middle class households or the working class. Such a group does not receive advantages through any social programs.
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