Poverty in Argentina soars to over 50% as Milei’s austerity measures hit hard

[Starmix]

According to the news, Argentina’s poverty rate has soared to almost 53 % in the first six months of Javier Milei's offering the first hard evidence of how the far-right libertarian’s tough austerity measures are hitting the population.

The new poverty rate, reported by the government’s statistics agency on Thursday, is the highest level for two decades when the country reeled from a catastrophic economic crisis that pushed Argentina to this extreme poverty

the news said that his administration has frozen pensions, reduced aid to soup kitchens, cut welfare programs, and stopped all public works projects. Tens of thousands of public employees have been fired, reduced energy and transportation subsidies have pushed costs up, and purchasing power has eroded.

It seems painful for a country county that has historically prided itself on being a middle-class nation, this poverty rate is terribly painful for the people to bear under the hands of the new administration.

According to the news, Milei’s presidential spokesperson said the government had inherited a disastrous situation from previous left-leaning governments. The previous government left the new administration on the brink of being a country with essentially all of its inhabitants poor. \

 

[eLdavis]

Oh wow, and I thought my country was the only one having issues. The economy is not just friendly to anyone.

 

[Starmix]

Oh wow, and I thought my country was the only one having issues. The economy is not just friendly to anyone.

Maybe it is better in your country. any were cut off even the pensions, electricity and more. it is devastating and unfair. The new administration is too unfair.

 

[eLdavis]

Over here electricity is also an issue. We rarely get light, or most of the time they would bring it at midnight. This previous night I had to stay awake all night just to complete some designs.

 

[Starmix]

My God that is painful to bear why is that so when people are paying the electric bills. Life is hard if current is off and on. Your government should invite investors to invest in your country.

 

[Augusta]

Poverty level is just rising in different countries. it's not easy even here in my country but we are getting by . They will get by too.

 

[Starmix]

Argentina suffers an extreme poverty because of corruption by the previous administration and the new admin is no different from the previous administration. Just imagine pensions of the retirees are blocked and the pension money are theirs.

 

[Augusta]

Argentina suffers an extreme poverty because of corruption by the previous administration and the new admin is no different from the previous administration. Just imagine pensions of the retirees are blocked and the pension money are theirs.

This is the same epidemic we are going through in my country. I don't know why we can't just have honest politicians to help the country move forward

 

[Starmix]

This is the same epidemic we are going through in my country. I don't know why we can't just have honest politicians to help the country move forward

Ha? Why is that so? People need money and why let the pensioners suffer when their pensions are their savings before they retire? What an idiotic government.