In a recent study conducted by the Catholic University of Argentina, it was revealed that poverty levels in Argentina have reached a staggering 57.4%, the highest rate in 20 years. This alarming statistic equates to approximately 27 million people in the country living below the poverty line, with 15% of them facing destitution and struggling to meet their basic food needs.
The study, carried out by the UCA's social debt observatory, is highly regarded for its comprehensive approach to measuring poverty and covers a broader geographical area than official government statistics. The report attributes the spike in poverty levels to the devaluation of the Argentine peso implemented by President Javier Milei's administration shortly after taking office in December.
