Argentina's poverty rate spikes to 53% in first 6 months of President Milei's shock therapy

Argentina's poverty crisis surges over 50%: Is Javier Milei's shock therapy doing more damage than progress?

Argentina's poverty rate has skyrocketed to 52.9 per cent in the first half of 2024, the highest since 2003, as Javier Milei’s austerity policies trigger widespread hardship. While Milei’s fiscal measures have curbed inflation which was almost 300 per cent in April, they’ve also plunged the nation into recession, with millions more falling into poverty

Panic in Argentina as poverty soars to over 50 percent in latest crisis

The far-right libertarian has frozen pensions, reduced aid to soup kitchens, cut welfare programmes and stopped all public works projects.

Argentina’s Poverty Rate Surges Under President Milei's Austerity Program

Argentine President Javier Milei’s government brought in a severe austerity program after he took office last December. While aiming to tackle a budget deficit and chronic inflation, the radical reforms have hugely impacted ordinary people’s lives in the South American country.

Milei Sends 53 Percent of Argentines Into Poverty - teleSUR English

The far-right politician’s adjustment policies generated the largest increase in poverty and extreme poverty in the last 21 years. On Thursday, the National Institute of Statistics and Censuses (INDEC) announced that the poverty rate in Argentina reached 52.9 percent during the first six months of President Javier Milei’s administration. RELATED: Milei To Hand Over Aerolineas Argentinas Routes to Private Companies This figure represents an inc…

Argentina records sharp rise in poverty

More than half of people in Argentina are now living in poverty, latest figures indicate.