Devendra Kumar
The economic situation in Argentina has taken a disastrous turn, with a staggering 57.4% of the population, comprising 46 million people, living in poverty, according to a study by the Catholic University of Argentina.
This is the highest rate recorded in 20 years, and the most disconcerting aspect is that 27 million people are trapped in poverty, with a substantial 15% of them barely scraping by, unable to afford even the most basic necessities like food. The research, led by the university’s Social Debt Observatory, highlights the grim reality of Argentina’s socioeconomic crisis.
The study’s findings have sparked a heated debate between Argentina’s former vice president, Cristina Fernandez de Kirchner, and the current government, led by President Javier Milei.
Fernandez de Kirchner attributes the poverty problem primarily to the policies of her predecessor, conservative President Mauricio Macri, as well as those implemented by the current administration. Meanwhile, Milei, an ultra-liberal economist, blames the country’s issues on the “caste model” of politics, which he claims has governed Argentina for the past 20 years.