Argentina’s poverty rises to 32 percent under Milei with more pain forecast
Summary
Argentina’s poverty rate rose to 32.3% in the first half of 2026 under President Javier Milei, reversing some earlier improvements. Unemployment also increased, and wages have not kept up with rising costs, which experts say may cause poverty to worsen later this year.Key Facts
- Poverty in Argentina increased by 4.1 percentage points from 28.2% in late 2025 to 32.3% in early 2026.
- Extreme poverty, where families cannot afford basic food, rose from 6.3% to 7.5%.
- Unemployment climbed to 7.9%, the highest rate since 2021.
- Household income grew 11.5%, but the cost of basic goods rose nearly 20%.
- The poverty rate might reach 35% by the end of 2026, according to university estimates.
- Poverty had surged above 50% in early 2024 after economic changes but had dropped to 28.2% by late 2025.
- Wage growth remains below the level when President Milei took office in December 2023.
- Support for President Milei is declining among low-income voters due to worsening economic conditions.
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