Argentina’s poverty levels hit 57% of population

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.

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