Menus Subscribe Search

Latin America is Increasingly Middle Class

• November 28, 2012 • 9:10 AM

A few hours ago, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) issued the encouraging news that Latin America is getting more middle class. The agency’s researchers found that the continent has fewer people in poverty today than at any point in the last three decades. That’s according to the agency’s annual study, “Social Panorama of Latin America.” The whole report is available as a free download here.

The evidence points to one main factor, apparently: better jobs. A million fewer people are in poverty in Latin America than were last year, and that is because more people are working at better jobs than they were a year ago. (Or five. Or ten.) The research suggests evidence that fewer people in the 18 Latin American nations rely on loans, family money, or other sources of income other than a paycheck, to get to the end of the month. Specifically, the reduction in families living in poverty was largely the result of rising wages, rather than an increase in external sources of money, typically wire transfers from relatives working elsewhere, often off the continent.

Regional differences were still large in many cases. Chile, Argentina and Uruguay have less poverty and less income inequality than neighboring Paraguay, Bolivia and Peru. Though narrowing, the gap is still large. Via the UN statement on the research:

The most recent available statistics for 18 countries indicate that, on average, the richest 10% of the Latin American population receives 32% of total income, while the poorest 40% receive just 15% of income.

Still, the trend points to a steady narrowing of that gap, and will be good news for anyone with family or business south of the border.

 

Marc Herman

A weekly roundup of the best of Pacific Standard and PSmag.com, delivered straight to your inbox.

Recent Posts

August 21 • 4:00 PM

Julie Chen Explains Why She Underwent Westernizing Surgery

The CBS news anchor and television personality’s story proves that cosmetic surgeries aren’t always vanity projects, even if they’re usually portrayed that way.


August 21 • 2:37 PM

How the Brains of Risk-Taking Teens Work

There’s heightened functional connectivity between the brain’s emotion regulator and reason center, according to a recent neuroscience paper.


August 21 • 2:00 PM

Cracking Down on the Use of Restraints in Schools

Federal investigators found that children at two Virginia schools were being regularly pinned down or isolated and that their education was suffering as a result.


August 21 • 12:00 PM

What Makes You So Smart, School Principal?

Noah Davis talks to Evan Glazer about why kids aren’t getting smarter and what his school’s doing in order to change that.



August 21 • 10:00 AM

Why My Neighbors Still Use Dial-Up Internet

It’s not because they want to. It’s because they have no other choice.


August 21 • 8:15 AM

When Mothers Sing, Premature Babies Thrive

Moms willing to serenade pre-term infants help their babies—and themselves.


August 21 • 8:00 AM

To Fight the Obesity Epidemic Americans Will Have to First Recognize That They’re Obese

There is a void in the medical community’s understanding of how families see themselves and understand their weight.


August 21 • 6:33 AM

One Toxic Boss Can Poison the Whole Workplace

Office leaders who bully even just one member of their team harm everyone.


August 21 • 6:00 AM

The Fox News Effect

Whatever you think of its approach, Fox News has created a more conservative Congress and a more polarized electorate, according to a series of recent studies.


August 21 • 4:00 AM

Do Children Help Care for the Family Pet?

Or does mom do it all?


August 20 • 4:00 PM

Why Can’t Conservatives See the Benefits of Affordable Child Care?

Private programs might do a better job of watching our kids than state-run programs, but they’re not accessible to everyone.


August 20 • 2:00 PM

Oil and Gas Companies Are Illegally Using Diesel Fuel in Hundreds of Fracking Operations

An analysis by an environmental group finds hundreds of cases in which drillers used diesel fuel without obtaining permits and sometimes altered records disclosing they had done so.


August 20 • 12:00 PM

The Mystery of Britain’s Alien Big Cats

In a nation where the biggest carnivorous predator is a badger, why are there so many reported sightings of large cats?


August 20 • 10:00 AM

Death Row in Arizona: Where Human Experimentation Is the Rule, Not the Exception

Recent reports show that chemical roulette is the state’s M.O.


August 20 • 9:51 AM

Diversity Is in the Eye of the Beholder

Perception of group diversity depends on the race of the observer and the extent to which they worry about discrimination.


August 20 • 8:40 AM

Psychopathic or Just Antisocial? A Key Brain Difference Tells the Tale

Though psychopaths and antisocial people may seem similar, what occurs in their brains isn’t.


August 20 • 8:00 AM

What the Cost of Raising a Child in America Tells Us About Income Inequality

You’ll spend nearly a quarter of a million dollars to raise a kid in the United States, or about five times the annual median income.


August 20 • 6:00 AM

In Praise of ‘American Greed’

While it remains semi-hidden on CNBC and can’t claim the car chases of Cops, American Greed—now with eight seasons in the books—has proven itself a worthy endeavor.


August 20 • 4:00 AM

Of Course I Behaved Like a Jerk, I Was Just Watching ‘Jersey Shore’

Researchers find watching certain types of reality TV can make viewers more aggressive.


August 20 • 2:00 AM

Concluding Remarks About Housing Affordability and Supply Restricitions

Demand, not supply, plays the dominant role in explaining the housing affordability crisis. The wages are just too damn low.


August 19 • 4:00 PM

Can Lawmakers Only Make Laws That Corporations Allow?

There’s a telling detail in a recent story about efforts to close loopholes in corporate tax laws.




August 19 • 12:00 PM

How ‘Contagion’ Became Contagious

Do ideas and emotions really spread like a virus?


Follow us


How the Brains of Risk-Taking Teens Work

There's heightened functional connectivity between the brain's emotion regulator and reason center, according to a recent neuroscience paper.

When Mothers Sing, Premature Babies Thrive

Moms willing to serenade pre-term infants help their babies—and themselves.

One Toxic Boss Can Poison the Whole Workplace

Office leaders who bully even just one member of their team harm everyone.

Diversity Is in the Eye of the Beholder

Perception of group diversity depends on the race of the observer and the extent to which they worry about discrimination.

Psychopathic or Just Antisocial? A Key Brain Difference Tells the Tale

Though psychopaths and antisocial people may seem similar, what occurs in their brains isn’t.

The Big One

One in two full-time American fast-food workers' families are enrolled in public assistance programs, at a cost of $7 billion per year. July/August 2014 fast-food-big-one
Subscribe Now

Copyright © 2014 by Pacific Standard and The Miller-McCune Center for Research, Media, and Public Policy. All Rights Reserved.