In Argentina, poverty rate highest in ten years

Catholic News Agency | 12/9/2019 | Staff
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Buenos Aires, Argentina, Dec 9, 2019 / 07:00 pm (CNA).- The latest report issued by the Argentina Observatory of Social Debt of the Pontifical Catholic University of Argentina showed that the rate of poverty and indigence is the highest in ten years.

The report indicated that 6.5% of households and 8.9% of people are indigent, and during the last trimester of 2019, 32.1% of households and 40.8% of people are below the poverty line.

Results - Reversal - Conditions - Households

These results show the sudden reversal of the economic conditions recouped by households during 2017.

The Observatory pointed to “cumulative regressive effects” in the country creating “the pitfalls of a growth model that is unstable, unbalanced and unequal, due to the absence of sustainable economic, social and environmental development policies.”

Inequality - Poverty - Result - Imbalance - Effects

“Both persistent inequality and structural poverty are the result of an economic-productivity imbalance with the effects of exclusion, marginalization, and inequality on the socio-cultural, socio-demographic, and socio-occupational level,” the Observatory stated.

The report measures poverty and indigency rates by income and incorporates a multidimensional measurement that includes access to rights such as food, healthcare and education, basic services, a healthy environment, employment and social security, as well as subjective well-being.

Observatory - Improvements - Decade - Inequality - Food

The Observatory determined that although there were "improvements during the decade, structural inequality has increased, expressing itself in food insecurity, poor environmental quality and deficient access to water, energy, sanitation services and decent housing."

"Repeated devaluations, rising inflation, stagnation, rising unemployment and changes agreed to with the International Monetary Fund explain the deterioration," they said.

Addition - Household - Labor - Income

In addition “household labor and non-labor income in the...
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