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Argentina’s Poverty Rate Rises Above 30% Under President Milei, Reversing Recent Decline

Official data from INDEC showed Thursday that Argentina's poverty rate jumped to 32.3 percent in the first half of 2026, up 4.1 percentage points from 28.2 percent in the second half of 2025.
The reversal marks a sharp break from the downward trend of 2024 and 2025, when President Javier Milei's austerity measures and inflation controls had driven poverty to an eight-year low of 28 percent.
Nearly 45 percent of children under 15 lived in poverty, while roughly 9.7 million people across 31 urban areas surveyed by INDEC fell below the poverty line, including 2.25 million in extreme poverty.
Economy Minister Luis Caputo acknowledged the increase but emphasized that poverty rates remain sharply lower than the first half of 2024, when they exceeded 50 percent.
Household income rose 11.5 percent over six months while the basic basket of goods used to calculate poverty increased nearly 20 percent, signaling that economic gains may not sustain relief for struggling Argentines.

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Poverty in Argentina rises to 32.3%, ending two years of decline

Poverty in Argentina reached 32.3% of people in the first half of 2026, an increase of 4.1 percentage points on the second half of 2025, the National Institute of Statistics and Census reported on Thursday. The figure interrupts the downward path the indicator had followed since mid-2024. Extreme poverty rose 1.2 points, from 6.3% to 7.5%.

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