Poverty in Argentina Surged to 32.9% in the Last Year

In the past year, indigence increased from 5.3% to 6.9%, reaching 2.7 million Argentines; about 13 million now below the poverty line.
Q24N (Prensa Latina) In the last year, poverty surged to 32.9 % in Argentina, affecting 1.5 million more people, according to a report from the Catholic University”s Social Debt Observatory.
‘From 2016 the impact of devaluation, anti-inflationary measures, the adverse international context and the lag of private and public investment would have generated a critical scenario, even more recessive and adverse in terms of employment and purchasing power for large social sectors,’ the Observatory pointed out.
According to the report poverty rates rose from 29% at the end of 2015 to 32.9% in the third quarter of 2016, which means 1.5 million new poor people, about

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