Eleven million Argentines surviving on 7 dollars per day, according to Indec
Three Argentines out of ten living in urban areas, an estimated 11.1 million people must survive with less that 35.5 Pesos per day or 1.067 Pesos monthly, according to data from the latest Standing homes’ survey, performed by the country’s stats office Indec.
The data belongs to the third quarter of last year and includes all income from occasional or permanent jobs, pension, government handouts or allowances and any contributions in money or kind.
This based on the official exchange rate is equivalent to 7,25 dollars per day or 4,89 dollars according to the parallel market (4.95 and 7.25 Pesos to the US currency.
If the 30% is broken up into three equal thirds it works out that 3.7 million live on less that 17 Pesos per day; a second third have 17 to 26 Pesos and the rest 16 to 35.5 Pesos, according to an interpretation of the data available.
This on average means that 11.1 million Argentines must survive on 21.5 Pesos per day or 650 per month with a total family income of 2.800 Pesos. The families on average are plus-four and include adults, teenagers, children and elderly members, show Indec numbers.
In geographic terms the northern provinces of Argentina are the most vulnerable. In the extreme south although the family average income is higher the cost of living is also dearer.
According to Tierra del Fuego Stats and Census office the basic basket for a family with two children averages 8.500 Pesos per month or 283 Pesos daily.
Social security data also shows that the Argentine treasury pays 1.2 million non-contribution pensions per month; 4.5 million children and pregnancy allowance and over a million government supported jobs. Another two million are on ‘moratorium’ pensions whose recipients must continue to contribute.
According to the last census the Argentine population stands over 40 million.
Suggested Stories
-
May 24th 2013
As the US before IMF lines up behind Argentina in the litigation with hedge funds
-
May 24th 2013
Argentina raids factory of US investor head of a hedge fund litigating defaulted sovereign bonds
-
May 23rd 2013
Beware inflation: CFK announces “political groups” will keep track of prices in shops
-
May 23rd 2013
Cristina Fernandez administration limits overseas dollar extractions to a minimum
42 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
And the Malvinistas and La Campora trolls are always saying that the UK is finished?
capitalismmagazine.com/2002/01/from-marxism-to-the-market/
I guess that great economic model you have mustn't really be working out eh?
I am sure all the MILLIONS people living on U$5 day ( real exchange rate) love to see CFK's fortune raise 1500% WHILE IN OFFICE!
This is only going to get worse and worse just using 36% inflation for 2013 and the BCRA 20% ANNOUNCED DEVALUATION these 11M people will be living on U$3/day by this time next year BUT how many more will have joined them by then?
Massive layoffs are already starting to happen since the rampant inflation has made them unproductive. Even their fruits/Vegys and Fish are too expensive to export!
It wasn't that long ago that INDEC said it was entirely possible for someone to live on only SIX pesos a day for food!
en.mercopress.com/2012/09/07/argentina-achieves-12-month-trade-surplus-target-in-august-with-10.04bn-dollars
So why is the latest figure so high, even if it includes rent, etc?
Could it be that INDEC are moving the figures around so that when inflation hits 40% they can still claim that everything is going swimmingly?
www.youtube.com/watch?v=cVVW4MYGb7M
An duk is FINISHED.
Anyway Argentina is not spending a dime on MAlvinas,the poor brits do...
AHAHAHAH Poor deluded ex empire,so bankrupt
bahahahahaa
It's kind of amusing to think that a third of Argentines dont earn that much for a day's work.
PS if you ever get your hands on the Falklands (never) will you spend or has it something to do with oil? We spend because it's thier right to remain a BOT and we respect that, same as we would and will do if it was Bermuda, BVI, St Helena, cayman islands etc, and as we are with Gibraltar, oil or no oil we will continue to protect them, could you say the same, I'll tell you ................no fookin chance because you are what you are now showing the world, a bunch of money grabbing chancers, with no respect for peoples choices, like a little spoilt brat “I want I want”
PPS Did i mention we have the 5th biggest defence budget in the world
Od course tha same is not true for the brits,2,7 millions unemployed,
Welfare benefits 500 P,which barely covers the cost of living
“Fortunately, the government possesses the power to engineer a dramatic turnaround.
Argentina is rich in human and natural resource. Moreover, it has nurtured human resources by implementing policies dedicated to social inclusion. It is the sixth most literate nation among the top 24 emerging markets in the world today. On the financial front, the nation sports a strong balance sheet. Debt is a scant 40% of GDP, well below the safe threshold of 60%. Similarly, Argentina has grown the economy by an average 7.7% per year since the 2001/02 crisis, while widening its social safety net”
www.forbes.com/sites/greatspeculations/2013/01/10/turn-around-time-for-argentina-2/
Britain
“Britain's economy shrank 0.3pc in the final quarter of 2012, signalling output was stagnant over the whole of last year, the National Institute of Economic and Social Research forecasts”
www.telegraph.co.uk/finance/economics/9796123/UK-GDP-shrank-0.3pc-in-fourth-quarter-says-Niesr.html
CFK you are doing a great job. Africa white leaders keep billions of black people living on 1$ a day, I guess this all depends on how much you know about the world and the people who patronize you.
Argentine's all over the world love and support CFK 100%. She is the best president Argentina had in 40 years. Mr English go boil us an egg.
Surviving on 7 dollars a day is way better then being killed by a bomb in a hospital in Libya or being executed with an automatic weapon at a kinder garden in USA, I am sure the 7 dollars a day is a great thing when compared to the rest of the world. Besides we get 7 dollars to keep what did UK gives us in exchange for Islas Malvinas Argentina? 0$........I just hope Argentina is using the money to build a nuclear defence program 100% made in Argentina to end once and for all the illegal British occupation of Islas Malvinas.
axisoflogic.com/artman/publish/Article_64333.shtml
Argentina is rich in resources but it is yet to show it can capitalise on them with its unpredictable behavior and ignoring international law.
As opposed to the UK that is still working its way through the euro crisis and remaining stable and its still a top world economy vs Argentina's joke economy and inflation.
I know which one any sane person would choose.
Argentina has been in recessions since Nov 2011. They will have Stagflation for the 2nd year in a row.
Gov't wants them to take 1/2 of the inflation rate as their wage increase this year.
Yeah all is well
If Cristina really wanted to improve their situation, money would be invested in creating jobs and work training programs. Instead, she is paying people to vote for her, and cow towing to their most piggish self-indulgent tendencies to gain their approval.
What more pathetic are people that are willing to believe what someone has to say in exchange for cheap handouts. I guess some people have no dignity.
You ain't far behind dickhead, sorry i'll rephrase that the people of Argentina aren't that far behind because you wouldn't know being in Canada with your twenty dollar bills with pictures of Queen Elizibeth on them eh? ;)
Where?????????????????????????????
The head of the Royal Navy Task Force that recovered the Falkland Islands during the 1982 South Atlantic conflict has warned about UK defense cuts and underlined that United States has little interest in supporting Britain in any conflict since a stable Argentina is more important to the State Department.
en.mercopress.com/2011/06/13/us-main-interest-is-a-stable-argentina-warns-falklands-task-force-head
Poor deluded ex empire instead of finding a solution to the problem,that will cost ZERO pounds,and have Argentina as an ally..Well ,it is a DECADENT country..no question about it!
LOL Argentina can't even build an aircraft engine. Those ridiculous training jets “made in Argentina” are merely assembled from imported parts. The underpowered engines bought off the shelf. Rolls Royce jet engines, entirely British designed and built power the biggest and best aircraft in the world.
Oh well, I suppose you could buy nukes from your new-found friends in North Korea or Iran. I understand they're making progress in this area and your politicians have been frantically liaising and co-operating. Good luck with that, but point one at us in a threatening manner and your stolen nation might very shortly thereafter cease to exist. Be careful what you wish for.
PS There's no such thing as “malvinas”.
Maybe there are 2.7 million unemployed, so what? The unemployed in the UK have more cash per day than the average Argentine, and the don't have to put up with 25% inflation.
In Argentina, INDEC have admitted (and the way they fudge figures it could be higher), 11 million live on less than US$5 per day (using the correct exchange rate not the deliberately low false one imposed by the government).
That's 25% of YOUR population.
Poor in the UK equals working to lower middle class in Argentina right now.
could not solve a little problem like MAlvinas
it is solved!
United States has little interest in supporting Britain in any conflict since a stable Argentina is more important to the State Department.
why would we need US help defeating a rag tag military? what you gonna do sent ARA Libertad?
The Falkland's islands are a lost cause - BWHAHAHAHAHAH
Thats a strong fantasy you're enjoying there....
Also can I recommend you look up the meaning of the word 'DECADENT' as you've used it incorrectly countless times now and its clear you do not understand its meaning.
So here are some facts;
1. The UK is the 6th largest economy in the world
2. Argentina is the 26th economy of the world / In the top 5 countries for the worst inflation
3. The UK is the 4th largest military spending nation in the world
4. Argentina is the 49th largest military spending nation in the world. or in simpler terms the UK spends over 21 times as much
I can keep going but the more we compare the two countries, the more we can see the only country that is finished is Argentina.......
Fred, I am not Mr Think you fool :-))
And I only posted the important part of the article..by the way is from your own country. I am glad that you enjoyed and go back to sale Argentinean ladies purses...if they let you.
@12 That's the immigrants. We don't spend money on what will become dinner!
@13 Yeah. And the UK's economy is only about 5,000 times the size of yours!
@14 Boil an egg? No problem. I believe you have a couple hanging between your legs. Together with a sausage. Actually, we'll fry them for you if you want. You need to get back to argieland quickly, coward. Next month there will be an opportunity for argieland to try out its nuclear defence programme. Wouldn't want to miss it, would you? Unless you're a coward. Are you a coward? Surely you want to hobble round the streets of your homeland offering assistance. Except to the indigenous people, of course. Will you be cutting their throats? It's what you usually do!
@20 Here's some tips. The British armed forces are not what they were in '82. These days it's missiles all the way. Harpoons, Storm Shadows, Mavericks, Brimstones, Tomahawks, Tridents. Coming to a city near you. Good luck...NOT!
@25 Did you mean “go back to steal Argentinean ladies purses”? Could you tell us where to find an Argentinean “lady”. An Argentinean ladyboy is a different matter. Millions of those. Why are you suggesting that someone else takes over your daily occupation? Have you considered being a gravedigger? Think of the efficiency. Dig the grave. Jump in. Pull it in after you. How much better can it get?
IMF news
Holdout Bondholder news
WTO news
ICSID news
Paris Club News
G20 news
So much to look forward to...
Anybody wanna bet the peso is 10/1 ( or more) by 3rd quarter of 2013?
Either CFK's government will do nothing and publish its own increasingly silly numbers and/or there will be a raft of new and increasingly draconian control measures that do nothing but make the situation worse.
I'd say 12, 15 or even 20/1 by december 2013.
It may be even worse after the midterm elections, depending on the way they go. If CFK manages to get her own thugs in there's nothing to stop her destroying what's left of the constitution and becoming president-for-life “AFRICAN STYLE”. At that point we could see her go 'full mugabe'. At that point, expect 5o or 100 pesos to the dollar by year's end :)
This article is so misleading and deceitful it does not even warrant a rebuttal. As the first 28 replies prove, it's just to feed the anti-argie Mercopress trolls during the hot summer.
You are late. And not relevant to the discussion.
Bug off.
Bitch and moan, yes.
Argue, no.
Attack and nitpick, yes.
Argue, no.
Use archaic language, yes.
Argue, no.
Hence the reason there was no “rebuttal”. There never is actually.
“... there was no “rebuttal”. There never is actually.”
Yes, nothing relevant to say. Let's carry on, on-topic, shall we?
Well these figures are from your beloved INDEC.
They're the ones saying that a quarter of the Argentine population are trying to survive on US$ 7 (actually US$ 5 taking into account the true exchange rate - not the deliberately low one imposed by the government) a day.
Not only that, but they have to live on this pittance while all the time the prices of food and fuel are increasing, due to Argentina's 25% inflation.
The questions you, and other Argentine citizens should be asking, nay demanding, from your government is what are they doing about it?
I mean, constantly bringing up the 'Malvina's' myth, and waving the Argentine flag, isn't creating jobs. It isn't improving the lives of the poor. It isn't allowing Argentina to develop.
CFK has got you all mired in the 19th century, with a fairy tale of how the evil 'British' did something 'bad' and now nearly 200 years later, you all still have a huge chip on your shoulders.
Argentina isn't moving forwards into the 21st century, you are sliding backwards towards the 19th century.
Any attempt by Argentines to blame anyone else for this nonsense is exactly that, nonsense. You make your bed, you sleep in it.
“This article is so misleading and deceitful it does not even warrant a rebuttal”
Why ?
hahaha
You mean the poor mans A/C: open the windows!
“@Nostrolldamus the 8th On holiday ??” Well I don't know, he went on
“a salubrious and well accorded furlough” Is that the same thing?
knowing Tito The Clown Troll, his “a salubrious and well accorded furlough” was in a Turkish prison........ ( Shudder ).
”could not solve a little problem like malvinas(que? where is that?)despite the world outcry to solve it!”
World Outcry, malvi?
Thats going too far even for you, signor.
World Outcry, indeed!
lf l didn't know you better, l would say that you could be telling lies.
You wouldn't tell lies, would you malvin chipmunk?
Must have got a bit carried away, ay malvin?
Like when you posted that rubbish about cutting Hindu Ladies' fingers off!
l think that you need a good spanking & to be sent to the naughty corner, malvi.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!