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Winter deepens misery for Argentina's poor following Milei's financial cuts

2 pointsby hnuser000012 months ago

2 comments

smarm5212 months ago
The leading edge of a spike in homelessness.<p>&gt; His monthly electricity bill in Buenos Aires has shot up to 12,000 pesos ($13.50) from 1,100 pesos ($2.50) in November<p>&gt; Coupled with near 300% annual inflation<p>&gt; In the first quarter of this year, nearly 18% of households could no longer meet their basic food and energy needs, up from 9.6% registered a year prior<p>&gt; Estimates from UCA suggest that almost 55.5% - or roughly 25 million people - lived in poverty during the first three months of the year, up 10%<p>Those are some big jumps in important statistics, something ~40% in some cases.
sharpshadow12 months ago
Buenos Aires has 3.1M people and 4000 homeless. LA has 3.9M people and 48000 homeless.<p>The rise in homelessness in Buenos Aires from 3500 to 4000 is not great at all.