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Debt piles up for young Argentines, testing support for President Milei
Nearly half of Argentines owe money, and borrowers under 25 have a 37.6% delinquency rate, according to a debt tracker.
- On Wednesday, Congress convenes a special session to consider interest-rate caps and debt relief measures as nearly half of Argentina's 45 million people owe money, with more than 5 million behind on payments.
- Since assuming office in late 2023, President Javier Milei reduced inflation to about 34% from a peak of 289%, yet steep subsidy cuts for transport and utilities forced many Argentines to borrow as bills outpaced incomes.
- Borrowers under 25 face a 37.6% delinquency rate, the highest of any age group, while student Taborda, owing $1,300, said, "There's hardly any work for anyone in this country right now."
- Vanesa Bittoco, spokesperson for Organized Debtors, campaigns for income-based repayment plans, while Milei rejects government relief, arguing unpaid debts are a private matter between borrowers and lenders.
- With the 2027 presidential election 14 months away, Milei's administration approval dropped to 33% from 49% in December 2025, as experts warn the economic model risks his reelection among young voters.
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Young Argentines’ mounting debt struggles test support for Milei
At 18, Martin Taborda began studying law at Argentina’s prestigious University of Buenos Aires, hoping to become the first in his family to graduate. Just two years later, that dream has slipped out of reach. Unemployed and US$1,300 in debt, he can no longer afford the bus fare from his suburb or the books he needs to keep studying – even at a tuition-free university that has helped generations of Argentines climb into the middle class. He’s not…
·Hong Kong, Hong Kong
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Associated Press News+10 Reposted by 10 other sources
Debt piles up for young Argentines, testing support for President Milei
Martín Taborda's dream of graduating from Argentina’s University of Buenos Aires has slipped away. Unemployed and in debt, he can't afford the bus fare or books he needs.
·New York, United States
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Total News Sources12
Leaning Left8Leaning Right0Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
Factuality
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