Poverty in Latin American countries is a problem we have explored in this paper, primarily addressing the theoretical approach to poverty, and then we analyzed Latin American poverty through indicators of income, social and psychological poverty, taking into account that poverty cannot be represented through material means alone. The poorest Latin American country, according to official figures in 2017., is Honduras with 64.3% of the poor, while Haiti is the country with the most extreme poverty with 25% of the population living at $ 1.90 (USD) per day. The country of Latin America with the lowest percentage of the poor is Uruguay with 7.9%. We have identified income groups for Latin American countries, and based on this, we have determined relative poverty through the associated income poverty line. Among lower middle income countries, Honduras has the highest percentage of the poor, with 31.8% of the poor living with less than $ 3.20 per day, while in upper middle income countries, Guatemala has the highest percentage of the poor, where half the population lives with less than $ 5.50 per day. In particular, we referred to the poverty of Venezuela and found its estimated devastating inflation rate of 10000000%, which is hard for all, especially for the estimated 90% poor in Venezuela. Analyzing the sociocultural dimension of poverty through five groups of factors according to P. Spicker, Haiti is the worst in most indicators: 74.4% of the urban population lives in "slums", approximately 44 infants per 1000 newborns die, and 60.7% of the population is literate, which is the lowest literacy rate in Latin America. The most unsafe state to live in is El Salvador with 81 homicides per 100.000 inhabitants. Chile has the highest percentage of discriminated population (29%).