Following the implementation of economic reforms under President Javier Milei, poverty in Argentina decreased to 38.1% by the end of 2024, down from 41.7% at the end of 2023 and a peak of 52.9% in the first half of 2024. This reduction, attributed to decreased inflation and improved incomes, resulted in approximately 1.6 million fewer people living in poverty compared to the end of 2023. While the government celebrates this drop, some experts caution that comparing data across different quarters can be misleading due to seasonal factors affecting employment, and that the improvement is partially due to increases in informal wages. Despite the positive numbers, challenges persist, including high child poverty (51.9%) and persistent concerns about income inequality.
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Argentina’s poverty rate, peaking at 52.9 percent in the first half of 2024, has shown improvement, according to various reports. Estimates place the rate as low as 36.8 percent by year’s end, driven by decreased inflation and wage recovery. However, experts caution against complacency, citing a worsening of scarcity and the risk of entrenched poverty amongst low-income groups. While differing methodologies yield slightly varying results, all reports indicate a significant decrease in poverty from its recent peak. The official figures will be released in mid-March.
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John Q. Hosedrinker