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There are 707,000 poor people in the City, with an average income of $28,600

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In the city of Buenos Aires, poverty affects 17.6% of families (236,000) e to 23% of the population. The poor are 707,000, of which 254,000 are indigent (8.3%), according to the report on “Living conditions based on income” of the third quarter of this year by the Statistics and Census Directorate of the CABA.

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A year ago, poverty was 23.6% and homelessness was 9.7%. For this reason, the Report states that “the change in the composition of poverty stands out, moving some 45,000 people from destitution to poverty not indigent”.

Despite the normalization and the increase in activity and employment, these indicators of destitution and poverty are more adverse than those of the same period of 2019, before the start of the pandemic, when they were 19.4% and 5.5%. And also above 13.6% poverty and 3.3% destitution in the third quarter of 2015.

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If we add to the data on poverty (707,000 people) that of vulnerable sectors (243,000) -so qualified because their incomes are close to the poverty line- and of medium-fragile sectors (263,000) in total there are 1,213,000 people (39.4% of the total) with economic deprivation of various entities.

The report highlights that some groups are more affected by poverty than others:

  • 35.4% of children and adolescents (0-17 years) live in families in conditions of poverty (247,000 people). A year ago, the figure was 40.4%.
  • poverty is higher in households headed by women (where the incidence of poverty is 19.4%, against 15.9% with a male group leader), by an unemployed person (more than triple the incidence on the total), or by a person employed in domestic services (50, 1%).
  • It is also higher in houses located in the South area (31.9%) and in those who have children under 14 (29.7%), with incidences of poverty and indigence increasing with the number of children at home.
  • On the other hand, the share of households with the presence of older adults who find themselves in a situation of poverty is lower than the average (11.3%) and decreases with the number of people over 65 at home, due to the broad pension coverage which guarantees a minimum income.
  • The sectors associated with “middle class” They represent 53.2% of households in the city of Buenos Aires and 50.6% of the population (about 713,000 households and 1,558,000 people respectively), and their shares are higher than 2019 levels, although they do not reach the series high historical (57.4% of households in the same period of 2017).
  • The wealthy sector sums up 10% of the population, there are 308,000 people with household income (household type) of $633,988 or more in September,
  • The per capita household income of poor households is $10,515 and that of those in need non-indigent poverty is $28,646. On average, $40,191 would need to be transferred to families experiencing poverty to get them out of poverty. This income gap represents, again on average, 38.4% of the income of families in poverty. These are the data for the third quarter, which will surely rise at the end of the year with an average monthly inflation of 6%.

NEITHER

Source: Clarin

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