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Argentina’s Middle Class Falls to 43% as Spending Cuts and Mobility Stall

The PRO-linked study built on INDEC data from 2,319 cases highlights a sharp perception–reality gap in class identity.

Overview

  • By income, 43% of households qualify as middle class, 52% as low and 5% as high.
  • Roughly 29 million Argentines identify as middle class versus about 20 million who meet the income thresholds.
  • 63% report giving up habitual purchases, with families prioritizing health coverage and education over leisure, brands, and vacations.
  • Six in ten say their jobs only allow subsistence, and 41% feel worse off than their parents, signaling stalled upward mobility.
  • The report defines middle-class income as $2.0–$6.5 million net per month, draws on 2,319 national surveys and INDEC data, and was produced by Fundación Pensar with Casa Tres.