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

Peru’s Tourism Boom Hits New Heights — Led by Chile

Peru is officially back on the global travel map — and then some. In 2025, the country welcomed a record-breaking 3.4 million international visitors, marking a major post-pandemic comeback and a new era for its tourism industry. But the biggest headline? The surge is...

Argentina Officially Withdraws from World Health Organization

Argentina has officially withdrawn from the World Health Organization, marking a significant shift in the country’s global health alignment. The decision, confirmed by Foreign Affairs Minister Pablo Quirno, comes one year after the government of President Javier Milei...

Mexico City Turns the Zócalo Into the World’s Biggest Soccer Class

In a moment that felt like a preview of World Cup fever, Mexico City made history by hosting the largest football class ever recorded. More than 9,500 people filled the iconic Zócalo for a 40-minute массов training session, smashing the previous Guinness World Record...

Events

Related articles