How much do you need to earn to be considered middle class in the city of Buenos Aires
The article discusses the income threshold required for a family to be classified as middle class in Buenos Aires amid increasing inflation.
The article from La Nacion highlights the financial challenges faced by families in Buenos Aires due to the rising inflation rates, which hit 3.1% in January. This inflation surge particularly affected prices in essential sectors such as food and transportation, placing a strain on household budgets. As a result, the statistical threshold for a family of four to be officially recognized as part of the middle class has reached over $2 million Argentine pesos per month.
According to the official data from the Institute of Statistics and Censuses of Buenos Aires (Idecba), the income floor for a typical household, consisting of two adults and two children, must now be at least $2,201,157 to be considered middle class. This figure emphasizes the growing economic pressures on families, as wages have not kept pace with the surging cost of living, raising concerns about the stability of the middle class.
With the cost of living dramatically increasing, many families are left questioning their financial futures and the definition of