US EditionA Family in the City of Buenos Aires Needed More than 2 Million Pesos to Be Middle Class During November
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A typical family in November needed more than $2 million a month to be considered middle class according to the Institute of Statistics and Porteño Censuses, while the poverty line exceeded $1.3 million, in a context of monthly inflation of 2.4% driven mainly by housing, food and transportation. A type family needed more than $2 million to be considered middle class during the penultimate month of the year, according to the report of the Institu…
The City of Buenos Aires published the data for the month of November. The income of a type family composed of 4 people had to be increased by 40,000 pesos to be able to belong to the middle class. Without taking into account the possibility of renting, these families needed to earn $2,076,904 monthly against $2,036,155 of October. If we add the costs of erogar a rent, the threshold is stretched to 3 million pesos per month. The data of the Inst…
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