Saturday, June 7, 2014

Argentina: Nearly 31% of Residents of Suburban Buenos Aires Living in Poverty

According to The Latin American Tribune, nearly 31% of the residents in suburban Buenos Aires are living in poverty and six out of every 100 residents are indigent, media outlets said Thursday (June 5), citing a new study from the Universidad Catolica Argentina (UCA). 
 
UCA’s 2013 survey found that three million residents of the blue-collar belt surrounding the capital are in households with a monthly income of less than 4,100 pesos (US$506).

The data for the City of Buenos Aires actually revealed a reduction in the poverty rate, from 9.8% in 2012 to 7.7% in 2013.

COMMENT: Of course, regardless of politics, a useful question for all citizens of Argentina is:

Are you better off today than you were on December 10, 2007, when President Christina Elisabet Fernández de Kirchner on behalf of the Justicialist Party, which is a Peronist political party in Argentina and the largest component of the Peronist movement.

Buenos Aires and the metropolitan area constitute the industrial, financial and political center of Argentina, though many factories in the suburban belt have been derelict for more than a decade.

The capital region is home to 12.8 million people, nearly a third of the country’s population, according to the most recent census data.