Delinquency: 17% owe less than $100,000 and almost 40% have debts below the minimum wage
World1 source1 country🔦 Under-reported39m ago
Approximately 5.8 million people in Argentina are currently facing debt delinquency, with 17% of those individuals owing less than $100,000 and nearly 40% holding debts below the value of a minimum wage. The issue has become a subject of political debate, reaching the government's cabinet meetings this week.
While the situation has gained political attention, the administration maintains that the delinquency is a private matter between creditors and debtors. Presidential spokesperson Adrián Ravier has reaffirmed this stance, characterizing the issue as one that does not require direct government intervention.
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Infobae (Buenos Aires, Argentina) (AR)Focuses on the political tension surrounding private debt delinquency