Poverty in Argentina
Poverty levels in Argentina reached 57.4% in January, the highest in at least 20 years, due to the peso devaluation and price hikes caused by President Milei's economic reforms.
Key Points
- 57.4% poverty rate in Argentina in January
- President Milei implemented a 54% peso devaluation
- Efforts to eliminate fiscal deficit and end political dynasties benefits
Pros
- Efforts to achieve fiscal balance through economic reforms
- First budget surplus reported since August 2012
Cons
- Significant increase in poverty levels
- Income collapse for Argentines due to peso devaluation