Poverty in Argentina affecting over half of the population [Video]

POVERTY IN ARGENTINA has risen to 52% of the population during the first six months of the self-described “anarcho-capitalist” regime of the country’s president Javier Milei.

Official data released today showed that 52.9 percent of Argentines, or 15.7 million people, now live in poverty and nearly one in five are in need of charity to survive.

The latest figures show a rise of over 10% from the end of 2023.

Since taking office in December, Milei’s government has applied a drastic austerity program with the aim of eliminating the budget deficit and taming chronic inflation.

It has slashed subsidies for transport, fuel and energy, even as thousands of public servants lost their jobs.

Monthly inflation in Argentina came in at 4.0 percent July, the lowest in 2.5 years, before rising again to 4.2 percent in August.

The annual figure of 236.7 percent in August remains one of the highest in …