How much did a typical family need to not be poor in the City of Buenos Aires

2023-10-10 19:41:00

A typical family needed, in September, $322,275 to not be poor and $185,004 to not be destitute in the Buenos aires cityaccording to him Consumer Basket Systempublished by the General Directorate of Statistics and Censuses of Buenos Aires.

To delimit the line of indigence the Basic Food Basket is used, the set of foods and beverages that satisfy the needs of the population; while the poverty line It is measured with the Total Basic Basket as a standard: in this, in addition to nutrition, goods and services such as clothing, transportation, education, health and housing, etc. are added.

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In September, the CBT for a family of four was $322,275, while the CBA stood at $185,004, with increases of 14.1% and 16.6%, respectively, compared to August. While, on a year-on-year basis, The increase is 150.1% and 163.4%.

According to the description provided by the DGESYC, a typical family It is made up of a woman and a 35-year-old man.both economically active and homeowners, with two boys, ages 9 and 6.

It should be noted that, according to the latest report on the evolution of income distribution, published by the National Institute of Statistics and Censuses (INDEC) at the end of September, Only 10% of the population earns income greater than $280,000.

At the same time, the study carries out building a stratification of homes of the City in terms of its capacity to access consumption, where it can be seen reflected not only the amount of money necessary for a family of four members not to be indigent or poor but, in turn, to be middle class or part of an economically “well-off” sector.

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According to the document, in September, to be middle class, a household had to obtain income exceeding $491 thousand pesos.

He socioeconomic level Depending on income, it is composed as follows:

  • In a situation of indigence: households whose total monthly income is not enough to cover the Basic Food Basket. During September, those who received income less than $185.043
  • In a situation of non-indigent poverty: households whose total monthly income is not enough to cover the Total Basic Basket but allows them to at least acquire the CBA. In this situation are those who receive income between $185.043 y $322.274
  • Vulnerable non-poor: households whose total monthly income is at least the CBT and does not reach the Total Basket (TC) of the Consumption Basket System. It is made up of the range of families with income between $322.274 y $392.873.
  • Fragile middle sector: households whose total monthly income is at least the CT and does not reach 1.25 times the CT of the Consumer Basket System. To enter this group, monthly income must be received between $392.973 y $491.217
  • Middle sector “middle class”: households whose total monthly income is at least 1.25 times the CT and does not reach 4 times the CT of the Consumer Basket System, receiving income ranging from $491,217 to $1,571,895
  • Affluent sector: households whose monthly income is four times or more than the TC of the Consumer Basket System. From $1,571,895 onwards.

CABA poverty and indigence lines in September

It should be noted that this Thursday the National Institute of Statistics and Censuses (INDEC) will release the official figure of the Consumer Price Index corresponding to September. In this sense, most of the economic consulting firms They highlight an estimated increase of over 10%.

In August, the CPI stood at 12.4%, the highest number in more than three decades; and if the two digits are repeated in the figure of the ninth month of the year, It would be the first time this has occurred since the hyperinflation of the early ’90s.

RS

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