Hard times for Argentine families to remain above the poverty line

Saturday, July 31st 2021 - 07:13 UTC

Full article 3 comments

An Argentine standard family of two adults and two children needed the monthly equivalent of US$ 664 or US$ 380 (depending on the official or free money exchange market) to be considered above the poverty line during the month of June. July figures will be released in fifteen days. Read full article

Comments

Disclaimer & comment rules

SB4
The pandemic is not helping any country. Worst yet, the Covid.19 variants such as the Delta variant are advancing rapidly and of course, will hurt the economy of all countries.

Here in the USA, inflation is 5% and people cannot afford to buy gas, groceries, or pay rent. The eviction protection plan expired yesterday causing 11.8 million citizens to lose their home
Rent cost $ 1,300 a month for a one-bedroom which is astronomically high compared to $600 one year ago. The minimum wage is $12 hourly which is not sufficient.
Jul 31st, 2021 - 03:25 pm - Link - Report abuse 0
-+
Chicureo
S B 4

Although I agree with inflationary factors are negatively affecting Americans — we in the rest of the world are seeing a serious rise in the costs of everything with an enormous economic reset occurring especially in countries without strong economic policies.

Costs of everything have and will continue to substantially increase as central banks have increasingly engaged in quantitative easing monetary policy. (It’s certain some of our Latin American neighbors will experience severe hyperinflation.)

This is an opportune moment to stock up on food items as prices are rising.

We ourselves are seeing current shipping refrigerated container costs already well above 20% from last season. Production costs are also substantially rising!

Much of those increased prices will be reflected soon in American supermarkets as worldwide.

Obviously shutting down much of the world economy has made it unpredictable.

¡Saludos de Chile!
Jul 31st, 2021 - 06:04 pm - Link - Report abuse 0
-+
FortHay
So printing money and throwing it out the window has consequences. Who'd have thought?
Aug 01st, 2021 - 10:59 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!