Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation pummeled household spending power even before President Javier Milei’s shock therapy took hold.
About 41.7% of Argentines were living in poverty in the second half of the year, up from 40.1% previously, according to government data published Wednesday. It’s just below the peak of 42% seen during the pandemic and only expected to keep rising as Milei cuts government spending largely with brutal austerity measures.