Debt and Late Payment: Three Out of Four Argentines Took Credit to Pay for Food, Health, Fees and Services
7 Articles
7 Articles
(Buenos Aires = Yonhap News) Correspondent Kim Seon-jeong = It was found that six out of ten Argentinians took out loans or incurred debt in the past six months.
This is the result of a survey that also shows that more than 60% of people have been in debt in the last 6 months. Two out of three of the income is exhausted at most on the 20th of each month. But the August data are better than the July data: anguish and uncertainty coexist with expectation of improvement.
A private report revealed that the loss of purchasing power pushed most families to finance food, medicine and services. The document warns that 65% of households run out of resources before the 20th of each month.
Food and health explained 55.6% of the reasons for indebtedness, while another 20.4% was related to tariffs and services. 65% of Argentines claimed to be without resources before the 20th of the month.
Nearly half of the population does not reach the 15th of the month and 60% must have resorted to credit in the last six months.The crisis punishes the lower class and the youth more harshly.The entrance 76% of Argentines who became indebted did so to pay for food, health and services was first published in El Ciudadano.
The phenomenon particularly hits the lower class and young people between 18 and 39 years of age, and has a direct consequence on credit: six out of ten Argentines had to go into debt in the last six months, mostly to cover basic expenses such as food, health, tariffs and services.
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