Argentina’s new poor sink deeper amid recession

Striking similarities between Israel and Argentina.

Like many Argentines, Daniel Roger and his family found themselves slipping down the social ladder over the past year to join the one-third of their compatriots living below the poverty line.

Sideswiped by the country’s swirling 57 percent inflation, their rent became too expensive and they were forced to move into a budget hotel to make ends meet.

The downward spiral familiar to many Argentines — a staggering 32 percent of whom are officially classed as poor — had begun.

“Before, we were renting an apartment, but we got to the point where we could no longer pay for it,” Roger’s wife Andrea Gomez, 26, told AFP.

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