MercoPress. South Atlantic News Agency
Three of Every Ten Argentines Are Poor
Three of every ten Argentines fall below the poverty line, 30.9% of the population, Ecolatina consultants said and they warned that “if prices continue to increase, it will be difficult for poor people’s income to beat inflation.”
“It is worrying that following a year of strong economic recovery and significant improvements in most areas of the economy, the reduction in poverty has been minimal, this is because of the increase in inflation, especially in food,” said the report.
According to the consultants, inflation in 2010 was 26.6% “the highest since the devaluation.”
Although most goods have increased, including public services, 60% of the rise in inflation is due to the surge in food prices.
According to calculations the minimum requirements for a family of four, which measures the line of poverty, increased 31.8%. The highest increases were at the beginning of 2010, because meat went up considerably then.
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Read all commentsanother good reason why falkland islanders have no desire to become citizens of the argentine republic.
Jan 24th, 2011 - 08:31 pm 0(2)
Jan 24th, 2011 - 09:06 pm 0another good reason why Argentineans have no desire to let the rich Great Britain steal our resources.
I daresay some (one of more) might aspire to the “rags to riches” story of the Kirchners rise to power in Santa Cruz, and then to replicate that in the Casa Rosada and turn the thousands into millions of dollars - at the cost of the impoverished or less well off fellow citizens. Now there's the rich class, but tainted by greed, mistrust, and if not bullying. So, no thanks I prefer what the Falklands has to offer, today, tomorrow, next week, next year and next century.
Jan 24th, 2011 - 09:07 pm 0Commenting for this story is now closed.
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