THE RIO TIMES: According to the new data, only 24% of Peruvians now belong to that category against 43.6% in 2019 due to the economic impacts of the coronavirus health crisis.
RIO DE JANEIRO, BRAZIL – A new study released Tuesday (6) by the Institute of Economics and Business Development (Iedep) of the Lima Chamber of Commerce showed that some 6.3 million Peruvians fell out of the country’s middle-class social group during 2020.
According to the new data, only 24% of Peruvians now belong to that category against 43.6% in 2019 due to the economic impacts of the coronavirus health crisis.
The Iedep survey specified that 7.9 million people remain within the concept of the middle class, while that group consisted of about 14 million in 2019.
To be classified into that category, individuals need to at least live in four-person households with monthly incomes ranging between S/2,150 and S/10,750 (between US$560 and US$2,795).
The coronavirus crisis has thus dealt a severe blow to the country’s fight against poverty which can also be expressed as a ten-year setback, as the number of people under that line grew to be 30.1% of the population during 2020, according to data from the National Institute of Statistics and Informatics (INEI). » | Latin America News | Wednesday, July 7, 2021
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