Family Indebtedness: Two Out of Three Argentines Do Not Reach the 20th Day and the Debt Is Already Part of the Income
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A report compared wages, rents and the cost of living between Buenos Aires, Montevideo and Santiago. The data exposes the critical Argentine economic reality.
The mayor Pablo Javkin referred this Wednesday to the high levels of family indebtedness that affect citizens of Rosario -41% of the arrears that exist in the province of Santa Fe- and said that “a large part of the indebtedness today of families, which is one of the great problems of Argentina because it has historical figures, is not done in the traditional banking system.” He explained that “it has a lot to do with the boom of digital wallets…
A study by Centric Consultora reveals a sharp deterioration in family income and warns that credit ceased to be an exceptional tool to become an indispensable resource to cover basic expenses. Read more
Making ends meet has become an increasingly complex challenge for most Argentine households. The sustained loss of purchasing power, insufficient income, and the growing reliance on credit to cover daily expenses form the main diagnosis of the Public Opinion Monitor (MOP) for July, prepared by Zentrix Consultora. The study portrays a family economy where wages are no longer enough, multiple jobs have become a necessity rather than a choice, and …
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