Nearly 4 in 10 Argentines under 25 are behind on their debts
At 18, Martín Taborda began studying law at Argentina’s prestigious University of Buenos Aires, hoping to become the first in his family to graduate. Just two years later, that dream has slipped out of reach.
TL;DR
- 37.6% of Argentine borrowers under 25 are behind on their debts.
- Many young Argentines are borrowing money to cover basic living expenses such as food and transportation.
- President Milei's economic policies, including reduced subsidies and tight monetary policy, have contributed to the debt crisis.
- Opposition lawmakers are proposing interest-rate caps and other measures to help debtors.
- The debt crisis poses a political risk to Milei's administration, potentially weakening his support among young voters.
- Milei has attributed the surge in delinquencies to irresponsible spending by borrowers.