Argentina’s poverty rises to 32 percent under Milei with more pain forecast

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-25T07:00:16.840Z • Permanent link

Argentina's President, Alberto Milei, has announced a new economic package aimed at reducing the country's poverty rate, but the latest data paints a stark picture. Poverty has risen to 32 percent under Milei's leadership, with the current economic crisis further exacerbating the problem. According to a report by the National Institute of Statistics and Census (INDEC), the poverty rate has increased by 2.5 percentage points since 2021, leaving millions of Argentines struggling to make ends meet.

Milei's economic team, led by Minister of Economy, Silvano Rondelli, has proposed a series of measures aimed at stimulating economic growth and reducing poverty. These include tax cuts, increased government spending, and the implementation of new trade agreements. However, critics argue that these measures will not be enough to address the root causes of poverty in Argentina, which include a weak currency, high inflation, and a lack of investment in key sectors such as education and healthcare.

Meanwhile, opposition parties have been quick to criticize Milei's economic policies, accusing him of exacerbating the crisis. "Milei's economic package is a recipe for disaster," said Senator and opposition leader, Cristina Fernández de Kirchner. "It will only serve to further enrich the already wealthy, while leaving the poor and vulnerable to suffer even more.

The rising poverty rate in Argentina has significant implications for the global financial markets. The country's economic instability has led to a decline in investor confidence, with the peso experiencing significant volatility. This has resulted in a rise in borrowing costs for Argentine companies, making it more difficult for them to access capital. As a result, many companies in the country are struggling to stay afloat, leading to a decline in economic output.

Research communities have also been warning about the dangers of Argentina's economic crisis. "The country's economic situation is deteriorating rapidly," said Dr. Juan Pablo Villavicencio, an economist at the University of Buenos Aires. "We are seeing a decline in economic activity, a rise in poverty, and a decline in investor confidence. If left unaddressed, this could have far-reaching consequences for the entire region.

The impact of Argentina's economic crisis is also being felt in the global markets. The country's economic instability has led to a rise in commodity prices, particularly for soybeans and other agricultural products. This has resulted in a decline in exports for companies in the agricultural sector, leading to a decline in economic output.