Nearly 4 in 10 young Argentine borrowers are behind on their debts as the generation that helped elect Milei struggles to get by
Nearly half of Argentina’s 45 million people owe money, as more households turn to loans for groceries and everyday expenses.
- Why it matters
- Young Argentines who supported Milei's election are unable to service loans even for basic needs, signaling economic hardship among a key voting bloc.
- Most affected
- Young Argentine borrowers — Unable to meet debt obligations on loans for essential expenses like food.
Argentine lenders — Facing rising default rates among a generation that helped elect the current government. - Likely next
- Whether the delinquency rate among young borrowers continues to rise or stabilizes in coming months.
Also reported by: The Independent, South China Morning Post
More stories
- LOOK: Pope Leo XIV sends letter of condolence to Cardinal Tagle, family after father's passing
- Vishwajeet Bhattacharya: 'Supreme Court's Order Was Being Flouted'
- Dylan Harper gets brutally honest about how Gregg Popovich has sparked his development
- The MND Peso Index™ for September: MXN is nearly 6% overvalued against USD