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[BUSINESS] · Argentina · 28 sources

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Argentina economic crisis: households run out of money by the 20th

Recent data from Zentrix Consultora’s Public Opinion Monitor (MOP) reveals a severe economic strain on Argentine households. Approximately two out of three citizens run out of money by the 20th of each month. This financial depletion is most acute among those under 40, where 72% face liquidity shortages, and within the lower class, where 83.3% run out of funds before the 20th. Only 34% of respondents report being able to cover their full monthly expenses, and a mere 9.8% are able to save.

To cope with these shortages, 56.2% of the population has taken on debt within the last six months. This credit is primarily used for subsistence rather than investment; 55.1% of debtors use funds for essential needs like food and health, while 21.3% use it for utility bills. In contrast, only 11.8% use credit for durable goods. Socioeconomic disparities are evident, as the middle class uses debt most frequently for utility payments (29%), whereas the upper class uses it largely for durable goods (63.4%).

Parallel surveys by AtlasIntel and Bloomberg indicate widespread pessimism regarding the national economy. Approximately 71% of respondents characterize the country's economic situation as bad, and 75% view the labor market negatively. Looking ahead, 55% of citizens expect the economic situation to worsen over the next six months.

Entities

Argentina · Atlas Intel · AtlasIntel · Banco Central de la República Argentina · Bloomberg · Javier Milei · Zentrix Consultora

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