Argentina's poverty rate has soared to almost 53% amid Milei's austerity measures, pushing 3.4 million people into poverty and marking a two-decade high.
Kirsten Sehnbruch stated that she had never seen such a large jump in poverty rates, emphasizing that this new economic program is not protecting the poor. The jump is absolutely horrendous.
Maria Claudia Albornoz shared her experience, stating, 'We are feeling it in the fridge, empty and unplugged. Money is really worth absolutely nothing.' Her situation underscores the severe impact of the cuts on daily life.
While investors and the IMF support Milei's cuts for stabilizing inflation—which decreased from 26% to about 4% monthly—the long-term implications on poverty rates raise significant concerns.
Collection
[
|
...
]