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Dramatic social picture: poverty rose to 42% and already affects 19 million Argentines

2021-03-31T19:10:32.604Z


They are INDEC data. Homelessness stands at 10.5% and punishes 4.7 million people. The situation in the suburbs is even more serious. There, poverty rises to 51% and among those under 14 years of age it is 57.7%


Ismael Bermudez

03/31/2021 16:00

  • Clarín.com

  • Economy

Updated 03/31/2021 4:07 PM

During 2020, with the fall in economic activity and income for the majority of the population, and in the midst of the pandemic and quarantine,

poverty rose from 35.5% to 42% of the population

.

In a year, 3 million poor people

were

added: there

were 16 million citizens and today there are 19 million

, projecting the data that INDEC released today to the entire country.

Poverty in democracy


" In percentage

Swipe to explore the data



Sources:

INDEC (1988 to 2006 and 2016 to 2018) UCA (2007 to 2015) |

* Following the resignation of De la Rúa


, Ramón Puerta, Alberto Rodríguez Saa and Eduardo Camaño succeed each other.

Infographic:

CLARÍN

These records are dangerously close to the 47% observed in 1990 - hyperinflation - and the historical maximum recorded in 2002, which was 57.5% as a consequence of the economic and social explosion that the fall of the exchange rate convertibility left behind.

The jump is also dramatic compared to September 2017, when it was lowered to 28.6%.

Today there are 3 million more poor people than a year ago and 7.7 million more than at the end of 2017. Compared to the first half of 2020, when poverty reached 40.9%, they represent half a million more poor people.

Even more dramatic is that

extreme poverty or extreme poverty grew from 8% (3.6 million people) at the end of 2019 to 10.5% (4.7 million people)

.

Compared to the end of 2017, there are 2.6 million more homeless.

These figures refer to poverty

due to lack or lack of income in relation to a “poverty line” or basic family basket

(married couple and 2 children) that as of last February was valued by the INDEC at $ 57,997.48.

And that in March it will be around $ 60,000.

Despite

official aid

- for example, the parents of 4.4 million girls and boys charge the AUH (Universal Child Allowance) - the report shows that among those under 14 years of age poverty increased from 52.3% to 57.7% or 6.3 million poor girls and boys.

At the end of 2017, poverty among minors was 39.7%.

This means that almost 6 out of 10 children under the age of 14 - live in poor households. 

The

Buenos Aires suburbs

continues to be a “social powder keg”.

In one year, it registered a rise in poverty

from 40.5% to 51%: it increased from almost 5 million to 6.3 million poor people.

Of those numbers, homelessness increased from 11.3% to 15.2% and now reaches 1,900,000 people.

The Minister of Social Development,

Daniel Arroyo

told

Clarín

that without social aid, such as Power Work, AUH, IFE or Alimentar card, the poverty of 10.5% would have jumped to 27.9% and poverty from 42 to 51 %.

"

The situation is critical, there is more activity, but the problem continues to be the price of food,"

emphasized Arroyo, who acknowledged that "reducing poverty requires growth, expanding the productive pie and also

promoting private investment

. As well as last year my task was to attend to the food emergency, this year it is to

transform social plans into work

, urbanize popular neighborhoods and create school gardens because child poverty is the most critical in the entire country. "

Meanwhile, for the economist

Claudio Lozano

, director of Banco Nación, 42% of semester poverty is broken down into 38.7% in the third quarter and 45.3% in the fourth.

In relation to the hardest quarter of the quarantine when poverty was 47%, "we climbed again in the fourth quarter to levels practically similar to the second."

And he adds: "with a level of activity practically similar to that prior to the pandemic, poverty remains at the same levels of the strictest quarantine and maximum drop in activity."

As of April 2016, when the INDEC started a new series of poverty, for the second quarter of 2016 it measured poverty at 30.3%, then it fell to 25.7% in the second half of 2017, and from Hence, it did not stop increasing: in 2018 it rose to 32%, in 2019 to 35.5% and in the second half of 2020 to 42%.

Look also

Due to inflation, real wages fell 25% in three years and would fall another 2% in 2021

The paradigm of Argentine decadence

Source: clarin

All business articles on 2021-03-31

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