In Argentina, locals are taking loans to buy food

6 hours ago

Argentinians are taking loans, selling belongings, and using credit cards to afford basic necessities like food.
Diego Nacasio, a full-time salesman, and his wife struggle to make ends meet despite both working full-time jobs.
Nearly half of Argentinians rely on savings, loans, or selling items to cover basic expenses.
President Javier Milei's austerity measures aim for fiscal balance but have led to stagnant wages and business closures.
Inflation remains a critical issue, with controversial measures keeping it artificially low while real prices soar.
Economic disparities are widening, with some sectors thriving while others struggle to afford food and medicine.
Many Argentinians resort to informal loans, bulk buying, and multiple jobs to survive.
Credit card usage for groceries has hit record highs, alongside rising loan defaults.
A proposed bill aims to help low-income families consolidate debts, but deeper structural changes are needed.
Despite hardships, some families consider themselves fortunate to own homes, avoiding additional rental costs.

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