How much do you have to earn to be part of the middle class in the city of Buenos Aires?

Nail type of family who lives in the City of Buenos Aires required $269,055.56 in February to be considered middle class according to the social stratification criteria used by the Autonomous City of Buenos Aires. This threshold, of around $8,968.52 per day, was up 7.01% from January. Year-over-year, the income needed to reach this socio-economic level increased by 104.29% compared to the same month last year.

There General Directorate of Statistics and Censuses of the Autonomous City of Buenos Aires published data from Cost of living, poverty lines and consumption baskets for the City of Buenos Aires in February 2022. The report, among other data, establishes the updated criteria used by the district to define socioeconomic levels based on income level.

In this way, a family of four members had to have between $269,055.56 and $860,977.79 in the past month to enter “middle sector”. It should be specified that the typical family in question owns the property in which it lives in the simulation of the statistical entity, so the monthly needs do not include the cost of rent.

The monthly report it draws up establishes a social stratification according to five socio-economic levels.

– in a situation of neediness: households whose total monthly income is not sufficient to cover the basic food basket (CBA – Indigence Line). Last month, families who did not reach $98,186.21 a month were considered destitute. The indigence line is the one that has increased the most in interannual terms, with an increase of 108%.

–in a situation of poverty of the non-indigent: households whose total monthly income is not sufficient to cover the Total Basic Basket (TCB – Poverty Threshold) but at least enables them to acquire the CBA. The income range for this stratum was between $98,186.22 and $175,080.05 per month.

– Non-vulnerable poor: households whose total monthly income is at least equal to the CBT and does not reach the Total Basket (TC) of the Consumer Basket System. They earn between $175,080.06 and $215,244.44 per month.

– Moderately fragile sector: households whose total monthly income is at least equal to the TC and does not reach 1.25 times the Market Basket System TC. They have a monthly income between $215,244.45 and $269,055.55 per month.

– Middle sector “middle class”: households whose total monthly income is at least equal to 1.25 times the TC and does not reach four times the TC of the Market Basket System. They earn between $269,055.56 and $860,977.79 per month.

– Affluent sector: households whose monthly income is four or more times the CT of the market basket system. They have an income of $860,977.80 or more per month.

“This stratification offers, on the one hand, the possibility of identifying the most vulnerable sectors of society in terms of situations of indigence and poverty and, on the other hand, it accounts for the heterogeneity of the sectors not poor in order to facilitate a more complete analysis of the social situation of the city of Buenos Aires, that of each of the defined strata and its evolution over time”, explains the report.

Based on these strata, the income The theoretical figures needed for a bourgeois couple made up of a 35-year-old woman and a man, both working and owning the house they live in, with two sons aged 9 and 6, have exploded in recent years. year one 104.29%, according to the Department of Statistics and Censuses of the City.

Seen in terms of daily needs, this same typical family needed at least $8,968.52 per day to reach a level of consumption compatible with the middle stratum.

To not fall into povertyDuring this time, at least $175,080.06 per month was required, while those who exceed this level but do not reach $215,244.45 per month are considered “fragile intermediate sector”.

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