To not be poor a family needs $ 34,784, 54.2% more than a year ago

During September, the value of the family poverty basket rose 5.4%, in 12 months 54.2% and is worth: $ 34,784.75, according to Indec’s calculation. With this figure, almost 30% of those who are employed – about 5.5 million people – even if they are “blank”, are poor.

Thus, having a job hasn’t prevented people from falling into poverty for a long time. But because of the recession, job insecurity, suspensions and the fall in wages and incomes in the face of inflation, more busy people fell below the poverty line. In addition, there was an increase in unregistered employment – who earn less – between wage earners and self-employed.

According to the data from the first quarter of this year of the Permanent Household Survey of the Indec, 24.5% of employed persons were poor. Now, due to the famine of these months, the wage loss accentuated in August and September (the bonus of $5,000 was agreed for October and for most will be paid in 2, 3 and up to 5 installments), the greatest number of informal workers to the detriment of formal ones, specialists estimate that it is around 30%.

These levels of poverty among wage earners are explained by the fact that half of the registered workers – 3,040,000 – who work in the private sector earned less than $35,461 in July, according to data from the Ministry of Production and Labor.
With retirement and health discounts, the “on-hand” wage is reduced to less than $29,432. Thus, adding the salary adjustments of August and September, plus the family allowance per child, for most that income is below the value of the poverty basket of a family that for a marriage with a younger child last month was worth $ 27,692.71 and with two children $ 34,784.75. It follows that without the income of the spouse, those families with formal employment of the head of household would be below the poverty line.

The poverty line for an unmarried male with no children between the ages of 30 and 60 in September was $11,257.20. And it is known that a large sector of those who work in the informal sector – which between salaried workers and self-employed account for a little more than 7 million people – earn less than that amount because they are “changes” or jobs of a few hours, without Social Security coverage.

If all these people are added to the unemployed people and their families, especially if they have minor children where poverty exceeds 50% and also the poor inactive ones (such as teenagers, retirees, and pensioners), the total urban poverty would be around 37/38%, above the 35.4% of the first semester of this year.

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