Argentina social structure shows over 50% of households in lower class

A report by Consultora W reveals a significant concentration of the Argentine population in lower income brackets. More than 50% of households are classified as lower class, combining those in poverty (approximately 21-22%) and the non-poor lower class (approximately 30-31%). This combined group exceeds the total of all middle and upper classes.

While the average monthly net household income in Argentina is reported at $2.8 million, the study highlights a massive disparity: 78% of households earn less than this average. The social structure is divided into five segments:

• Upper Class: 5% of the population, requiring monthly incomes starting at $9 million. • Upper Middle Class: 17% of the population, with incomes between $4.5 million and $6.5 million. • Lower Middle Class: 26% of the population, with incomes starting at $2.5 million. • Non-poor Lower Class: ~30% of the population, with a floor of $1.5 million. • Poor Lower Class: ~22% of the population, with an average income near $1 million.

Additionally, reports indicate a growing trend of chronic debt among households to cover basic necessities such as food and housing, as rising costs outpace available income.