Blogs

Argentina’s poverty levels hit 57% of population

Feb 22, 2024 | Community News

February 22, 2024

Argentina’s poverty rate reached 57.4%, affecting about 27 million people, with 15% in extreme destitution unable to meet basic food needs. This surge prompted a dispute between former Vice President Cristina Fernández de Kirchner and President Javier Milei’s government, which implemented drastic measures to address the crisis. The Catholic University of Argentina’s study revealed these alarming figures, attributing the rise to the devaluation of the peso by Milei’s administration, which inflated the cost of essential goods. Middle-class households not benefiting from social programs bore the brunt. Predictions suggest poverty may hit 60% by March. Milei, advocating for significant spending cuts, blamed Argentina’s political class for the dire situation, while Fernández de Kirchner pointed fingers at past administrations’ policies, particularly those of Mauricio Macri. The government dismissed Fernández de Kirchner’s criticism, calling her a contributor to Argentina’s decline.

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

Ecuador and U.S. Launch Joint Operations Against Drug Trafficking

Daniel Noboa has announced a new phase in the country’s fight against drug trafficking, confirming that Ecuador will conduct joint security operations with the United States. The initiative comes as Ecuador faces a surge in violence linked to international drug...

Karol G Drives $1.1M in 48 Hours as Reebok’s New Global Ambassador

Karol G is once again proving her power — not just in music, but in marketing. The Colombian superstar recently announced her new role as global brand ambassador for Reebok, and the impact was immediate. Within just 48 hours of sharing the news on TikTok, the...

Events

Related articles