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Argentina's Poverty Rate Drops to 38.1% Amid Economic Struggles

3/31/2025

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Summary

Story summary

In Argentina, a glimmer of hope emerges as the poverty rate drops to 38.1% in late 2024, down from a staggering 41.7% in 2023, as reported by INDEC. This positive shift follows a troubling peak of 52.9% earlier in the year, triggered by President Javier Milei's devaluation. Yet, the struggle continues for many citizens grappling with economic hardships.

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Story summary

In Argentina, a glimmer of hope emerges as the poverty rate drops to 38.1% in late 2024, down from a staggering 41.7% in 2023, as reported by INDEC. This positive shift follows a troubling peak of 52.9% earlier in the year, triggered by President Javier Milei's devaluation. Yet, the struggle continues for many citizens grappling with economic hardships.