Two Out of Three Argentines Run Out of Money Ten Days Before the End of the Month
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A report by Zentrix Consultora revealed that 72% of those under 40 and 83.3% of the lower class do not reach the 20th day with their income.
A national survey warns that wages are not enough to cover the monthly expenses of many households. Credit becomes a tool to pay for basic needs.
In this context, the credit works less as a consumer decision than as an extension of income: among those in debt, 55.1% did so to cover basic expenses (food and health) and 21.3% to pay fees and services, while only 11.8% bought durable goods.
One study revealed that 66% of respondents exhausted their income before the 20th day. More than half of respondents resorted to debt over the past six months and barely one in ten managed to save.
The sectors most affected are the lower class and young people, where the proportion grows above 80 per cent and 70 per cent, respectively.
The economic problem of a large part of Argentine households is no longer limited to how much money they enter each month, but to how many days it reaches to sustain daily expenses. 65.3% of those consulted in a national survey assured that their income is exhausted by the 20th day, while almost four [...] The entry For two out of three Argentines, the salary is finished before the 20th day was first published in First Edition.
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