The rise and extinction of the middle class in Argentina

Argentina's middle class grew from the 1940s onwards, expanded in the 1960s and has been shrinking with the successive economic crises.

RIO DE JANEIRO, BRAZIL - In 1934, Carlos Gardel premiered 'Cuesta abajo', a tango full of pessimism in which he spoke of "the shame of having been" and "the pain of no longer being".

Eighty-eight years later, that lament finds greater meaning: according to the World Bank, 51% of Argentines were part of the middle class before the pandemic. One year later, and due to the economic collapse, that average is 44%, making 1.7 million people poor.

The deterioration is long-standing in a country that has gone through successive crises and whose economy has been stagnant for a . . .

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