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Study revealed that 18% of the Argentine population lives in poverty

The minimum remuneration in Argentina decreased, in real terms, by 27,9% between November 2023 and May 2024

A study by the Argentine Catholic University (UCA) revealed that 18% of the population of that country is in a situation of destitution, while the poverty level reaches 55%.

According to the study reviewed by Telesur, in April a household of four people needed 828.158 Argentine pesos (about 690 dollars at the informal exchange rate) to avoid being poor and 373.044 to avoid falling into destitution. However, the minimum vital and mobile wage barely rose to 234.315 ($195) in May.

The minimum remuneration decreased in real terms by 27,9% between November 2023 and May 2024, according to estimates by the Argentine Workers' Union (CTA).

El deterioration in the living conditions of the population is reflected in the comparison with the measurements of the previous year. In the second half of 2023, poverty reached 41,7% of the population (19,4 million people), while indigence increased to 11,9% (5,5 million). The comparison with the 2022 values ​​shows a decrease in the variables, with 39,2% poverty and 8,1% indigence.

sourceTelesur

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