Before 2001 pan handling was an arrestable offense in Argentina, especially in Buenos Aires. Then the middle class was completely wiped out within 24 hours and 1 Argentine Peso that had historically been pegged to the US Dollar was suddenly worth 3.4 Pesos to the US Dollar. If you didn't have dollars stuffed away somewhere you were REALLY hurting. Although not enjoyed by the general public, pan handling is now accepted. If you get on a city bus a street vendor will ask the driver if he can sell ball point pens on the bus as long as he gives the bus drive a small cut of what he might make. Sitting inside any restaurant means someone will come up to your table and interrupt your private conversation with your dining companion to sell you a small cosmetic mirror, fingernail cilppers, scrunchies, pens, pencils, whatever. Some times these working poor are summarily herded out by the waiters and sometimes they are not. The steps of the cathedrals are lined with poor seniors who cannot live on the government pensions they earned in the 60s through the 90s.
The reasons for Argentina's sudden economic collapse are varied, but all directly related to greed; especially greed of the WMF. So, it was a good day when when Nestor Kirchner thumbed the the Argentine nose at the WMF and said Argentina's priority was not to pay off the spiraling debt accrued by past corrupt presidents and military juntas with the WMF. That's the first time the WMF had ever been told to fuck off. But what could the WMF do? Invade Argentina?
Argentina has paid most of its WMF debt as of 2011. Not all of it. And they even threatened to pay none of it back unless they were able to renegotiate interest rates. The WMF sensibly realized that something was better than nothing. Still, Argentina has serious economic problems. Of course, the British ex pats who have retired to Argentina have all the answers to cure everything wrong with the country. Fortunately, those same ex pats have no power.
Even though the economy has improved, inflation eats away at any progress. And pan handlers, especially senior pan handlers, are the hardest hit. I've purchased so many fingernail clippers in the last 10 years I could start a small store. But I buy them.
My point? If you live in the USA stock up on inexpensive packages of fingernal clippers, combs, cheap cosmetics, pens, and pencils. We're not far from lots of out-of-work previously middle class wandering through Dennys and IHop trying to make a living.