Debt and Late Payment: Three Out of Four Argentines Took Credit to Pay for Food, Health, Fees and Services
14 Articles
14 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.
Most of Argentina's funding goes to cover basic needs, according to a private report.
This is how it emerges from Zentrix Consultora’s Public Opinion Monitor (MOP) of August. It shows that the income crisis deepens with the passing of the month. Nearly half of Argentines do not reach the 15th and one in four is left without resources on the 10th of the month. The phenomenon of [...]
65% of respondents are left without income before or when they reach the 20th of the month and 44.4% do not pass the 15th day. Debt is no longer used to advance consumption: 55.6% goes to basic expenses such as food and health and another 20.4% to rates and services, according to the Public Opinion Monitor of the Zentrix consultant.
Low-class families and young people are most affected by the lack of income to cover the cost of living. 65% of Zentrix’s respondents run out of money before the 20th of each month.
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