To be considered “middle class,” a typical family in which Buenos aires city needed to receive income at least $363,666 in June of this 2023while their income must have exceeded $235,931 to not be poor.
In order not to be destitute, This family group (35-year-old woman and man, both economically active and homeowners, with two sons aged 9 and 6) need income for at least $131,333.
The values arise from the survey of data disseminated by the General Directorate of Statistics and Censuses porteña
Assistance policies and poverty: a vicious circle?
The expenses of the Basic Food Basket (CBA), that mark the limit of indigence had an increase of 4.48% compared to May, below the inflation of the period that in the City reached 7.1%. While, the accumulated in twelve months reached 129.92%11.32 percentage points higher than the 118.6% of the interannual inflation measurement.
This means that the basket became more expensive by $5,631 from May to June.
In regards to the Total Basic Basket (CBT), which establishes the poverty ceiling, the monthly increase was 6% (compared to May) and the year-on-year increase was 125.8%. Both baskets rose below average inflation.
This 125.8% year-on-year, led to pesos means that, in order not to be poor, in the City of Buenos Aires you need to earn $131,442 more than in June 2022.
The Total Basket (TC) which in different proportions delimits the fragile middle sector, the middle class and the wealthy sectors, according to the stratification made by the Buenos Aires statistical agency, is at $290,933 and rose 6.16% in the month and 126.09% in relation to May of 2022.
The analysis carried out by the statistical agency of the City of Buenos Aires makes a great course which is the family type that defines the report owns the property in which you liveWith what you have covered your rental needs.
Socioeconomic level according to income
- In a situation of indigence: Households whose total monthly income is not enough to cover the Basic Food Basket (CBA – Indigence Line). During January, those who received income less than $131,333.96.
- In a situation of non-indigent poverty: Households whose total monthly income is not enough to cover the Total Basic Basket (CBT – Poverty Line) but allows at least to acquire the CBA. In this situation are those who receive income between $131,333.96 and $235,931.44.
- not vulnerable poor: Households whose total monthly income is at least the CBT and does not reach the Total Basket (TC) of the Consumption Basket System. The range of families with income between $235,931.45 and $290,933.03.
- fragile middle sector: Households whose total monthly income is at least the TC and does not reach 1.25 times the TC of the Consumption Basket System. Income between $290,933.04 and $363,666.29
- Middle sector “middle class”: Households whose total monthly income is at least 1.25 times the TC and does not reach 4 times the TC of the Consumption Basket System. Receiving income ranging from $363,666.30 to $1,163,732.15.
- affluent sector: Households whose monthly income is four times or more the TC of the Consumption Basket System. From $1,163,732.16 onwards.
LM PC
