How's everyone hanging in there with the cost of living these days?

[Lanick]

Perhaps we could start to "war-game" or forecast scenarios?

We've had the utterly unconvincing hagiography of Milei and his iron triangle by dead economists here, and the no more convincing disconnected pontification by people in Asia and Marbella.

No, we have people, actually here, like @Redpossum who are seriously worried about the prospects. Personally, I'm not hugely worried, we may, by luck, have built our house in the nick of time, and in time, we should only have to deal with "expensas" (not there yet, though, still fixing up). People like @Quilombo want to get started on the property ladder. @Lanick wants to supply us with organic veggies (which is not a half-bad idea, but the market needs to be scoped out). Can any of this happen?

People (expats) are worried. What's coming? What should we do?

Dude; maybe you’re not aware but most Nordelta country clubs getting their food directly delivered from the farmers. My in laws; they got a house in Pilar they go on the weekends; they get their produce directly from the farmers. Cleaner food for less. There’s no middleman and then the mid-middleman. It may sound to you like a half utopia but this is not something new and unheard of! Because expats physically spread out in Caba and nearby provincia, thought we could work this out! Or keep paying $11/kg for grapes.

 

[A Antares]

I don't care anymore. Like the United States government creating trillions of dollars via the federal reserve buying debt; and then federal lobbyists and NGOs grifting billions hand over fist, Argentina is also a Twilight Zone economy run by thieves and psychopaths. Trying to keep track of all the clowns in the car is not possible. I enjoy each day to the best of my ability and don't worry about that which I cannot control.

I wish everyone well in this dystopian economy. None of us created this mess.

 

[LuckyLuke]

...two things needs to happen next: either wages have to skyrocket to catchup with the sharp increases in the cost of living here (doubt that's going to happen)

It could very well happen depending on the limitation of imports. It's called a wage-price spiral and it was recently flaring in the US prior to the fed raising interest rates to nip it in the bud. Much damage has already been done however and it's nearly ruined the insurance market in many sectors.

Without exterior imports to put a "ceiling" on domestic prices, they could go quite high as long as wages are inflating relatively in tandem. Since we are exterior observers of this phenomenon we feel it quite sharply.

 

[sergio]

Absolutely, yes, without a doubt. That's how the game is played, no?
And I don't begrudge them the profit, I just really intensely dislike that it's all making things so brutally hard for so many seniors. If I have it rough on an (unusually low) yanqui pension, imagine the horrors of trying to get by on an argentine pension. I don't know how they do it. Family, I guess.

And now they're threatening to cut monthly aid to the disabled -

Discapacidad: el manual libertario para aplicar el ajuste | Citaciones, cartas documento y una causa penal para recortar miles de pensiones

A la sede de ANDIS llegan todos los días desde hace meses centenares de personas con miedo a perder la ayuda que reciben del Estado. El Gobierno las obliga a trasladarse con el pretexto de una "auditoría" y bajo amenaza de darles de baja el beneficio. ...

www-pagina12-com-ar.translate.goog

The usual Google Translate deal, banner is in Castellano and story will initially appear in that tongue, but wait a few seconds and it will change to English.

How much is an unusually low yanqui pension? Curious minds need to know

 

[steveinbsas]

How much is an unusually low yanqui pension? Curious minds need to know

A 2.5% increase would provide the previously mentioned additional $25USD to a monthly Social Security income of $1000.

 

[sergio]

A 2.5% increase would provide the previously mentioned additional $25USD to a monthly Social Security income of $1000.

So how much is a typical yankee pension?

 

[LuckyLuke]

So how much is a typical yankee pension?

"The estimated average amount changes monthly. For example, the estimated average monthly Social Security retirement benefit for January 2024 is $1,907."

What is the average monthly benefit for a retired worker?

 

[steveinbsas]

"The estimated average amount changes monthly. For example, the estimated average monthly Social Security retirement benefit for January 2024 is $1,907."

What is the average monthly benefit for a retired worker?

The page in the link would not load, so I have not read it. While the national average for all individuals recieving Social Security benefits would change monthly as some would start recieving benefits for the first time and benefits for others would end, with rare excepions, on an individual basis, the monthly benefit only changes once each year (in January) and the payments are the same for all twelve months of the year.


l

 

[sergio]

"The estimated average amount changes monthly. For example, the estimated average monthly Social Security retirement benefit for January 2024 is $1,907."

What is the average monthly benefit for a retired worker?

There is a Part B deduction of around $200 for hospital care, so the actual cash amount is less but either way, this is a great deal in Argentina.

 

[sergio]

"The estimated average amount changes monthly. For example, the estimated average monthly Social Security retirement benefit for January 2024 is $1,907."

What is the average monthly benefit for a retired worker?

I'm curious to know what the average British pension is.