In the City the poverty basket was close to 500,000 dollars: how much does it take to earn to belong to the middle class

With a 27.3% increase last month in staple foods, the family poverty basket amounted to approximately $500,000 in the city of Buenos Aires. And with the increases in prices and tariffs applied these days, The poverty line for January is expected to be around $600,000without considering the rental value.

In the meantime, something to consider middle class, he must have had a typical family in December income over $745,270even without considering the rent.

The data are from the Directorate of Statistics and Censuses of CABA and indicate that, in December, in order not to be poor, a typical family (married couple and 2 children) he was expected to earn more than $494,791, 24.7% more in November and 223.47% more than the December 2022 value.

For its part, due to the soaring prices of food products, in particular meat, bread, fruit and vegetables, the poverty threshold rose in December from 228,049 dollars to 290,411 dollars, an increase of 27.3% and 248%, 0.3% compared to the value of December 2022. .

Meanwhile, that should be considered bourgeois type of family needed in December they have an income greater than $745,270.73. In all cases, excluding rent.

Therefore, if a modest rent is added to the poor family basket ($494,791), a typical family (married couple and 2 minor children) needs more than $ 650,000 to not be poor.

Data from the Department of Statistics and Censuses of Buenos Aires show that, compared to a year ago, the poverty line for a typical family had an increase of 248.3% ($290,411 vs. $83,374 in December 2022). And the poverty line became more expensive by 223.47% (from $152,963 to $494,791).

In both cases it represents a higher increase than the average interannual inflation, which was 198.4%.

The poverty line of $494,791 exceeds the average compensation of formal wages, which in November was $447,079, according to RIPTE (Average Taxable Earnings of Stable Workers).

The main food increases in December were: Meat and derivatives (36.2%), Bread and cereals (32.0%) Milk, dairy products and eggs (26.3%), Sugar, pastries and desserts (30.6%) and Soft drinks (34.1%).

As a result, the price increase hit in addition to low-income families who assign 100% of their meager income diet.

These values ​​explain why homelessness and poverty increased in December due to the sharp decline in income of formal and informal workers, among pensioners and in middle-class sectors.

SN