If you’re making more than $53,000 a month, you might miss out on the new $50,000 bonus: What’s it all about

The national government intends to publicly announce a Bond from 49,500 pesos in Three installments For about two million people in the last quarter of the year, after inflation accelerated. Despite this, Today it will not be paid by those who pay more than $49,500And in the coming months, the highest figure will be $53,000 and $56,500.

As far as he could tell trust From official sources, bonus payment in three installments 16,500 pesos, payable in October, November and December. will be intended People who are below poverty line as confirmed by official sources.

Now until On September 28, it will be impossible to know the line of hardship (equivalent to the staple food basket) for August and also only after mid-October will it be possible to know the data for September. However, the last major grocery basket arrived in July $49,466 For household type 2 according to INDEC (two adults and two children under 8), with an increase of 6.8% compared to the previous month, and if a similar increase is estimated, the following poverty line should be established: around $52,829.68 and get over it $56,422 next month

In any case, these are estimates, based on the fact that this indicator may show a sharp increase in poverty and destitution, with annual inflation going from 50.9% in December 2021 to 64% in June (and 71% in July). And so far, prices are not expected to cool quickly.

At the end of July 2022, market analysts expected retail inflation to be 90.2% for 2022, according to the central bank’s Survey of Market Expectations (REM).

In July, amid high political and economic uncertainty, inflation forecasts had their biggest jump since the report was written, up 14.2 percentage points from June.

In the second half of 2021, 27.9% of households were below the poverty line, which affected 37.3% of the country’s population.

How the new October 2022 bond is financed

Funds are allocated to individuals with limited resources who are considered homeless Because they cannot cover their basic food needs.

The measure has already been developed by the technical teams of the National Administration of Social Protection (ANSES), an organization led by Fernanda Raverta, together with the Ministry of Economy, which will make the funds available.

The bond will be financed by the pesos that will go into the national treasury for the deductions that will be charged to the highest crop settlement due to the measures recently implemented by the Minister of Economy, Sergio Massa.

People who will be able to collect the premium are those who work in the informal sector and are not covered by universal child benefit, food card or social plan such as Empower Work.

poverty and homelessness

An Argentine family of a couple and two children needed $111,297 in July to avoid falling below the poverty line. In order not to fall into poverty, $49,465 was needed.

These figures reflect the 6.3% inflation experienced last month in the cost of the Basic Food Basket (CBA), which includes only staple foods. On the other hand, the value of the total basic basket (CBT), which includes not only food but also items such as clothing and transport, increased by 6.8%.

With these figures, the cumulative growth this year reaches 50.1% for CBA and 46.2% for CBT. While taking the last 12 months as a reference, CBA’s value increased by 70.6% and CBT’s value by 64.7%.