Argentina: Poverty rate among Milei rises to an alarming 53%!

Argentina: Poverty rate among Milei rises to an alarming 53%!

Argentina is facing a dramatic increase in poverty rates under Javier Milei's presidency. While the poverty rate has remained relatively stable at around 25 percent over four decades, reports Young freedom that it has increased to almost 53 percent under Milei. This worrying increase is considered the highest in two decades by a research team from the Catholic University of Argentina (UCA).

The situation has changed significantly over the years. By the end of 2024, the poverty rate had fallen to 38 percent, almost 15 points less than before. In some cases the poverty rate was even below 35 percent in spring 2024, which was the lowest level in six years. But under Milei, this progress is now in jeopardy as poverty rises sharply again.

Current impact on the population

The rising poverty rate is having a serious impact on Argentine society. Many people are struggling due to economic uncertainty in an environment where the cost of living is rising and purchasing power is declining. This forces numerous families to assert themselves in an increasingly precarious situation.

Loud Mirror State measures to combat poverty among Milei are inadequate, which further worsens the situation for the population. Critics warn that the government must contend not only with the effects of poverty but also with a lack of political stability.

Argentine society therefore faces a serious challenge as citizens remain critical of political decisions and their consequences. The path to economic stability and social justice remains uncertain under current leadership.