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Argentinians are borrowing money to purchase food

16 February 2026
in World
Argentinians are borrowing money to purchase food
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In Buenos Aires, Diego Nacasio, a 43-year-old salesman, struggles to provide for his family despite working full-time, often resorting to loans and credit to afford basic needs. His experience reflects a broader crisis in Argentina, where nearly half the population relies on savings or loans for essentials, amid rising inequalities. President Javier Milei’s austerity measures claim economic improvement, yet many sectors face decline, and inflation remains a significant issue. Critics argue that these policies disproportionately affect the struggling majority, exacerbating wealth disparities.

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Tags: ArgentinaArgentiniansborrowingBusiness and EconomyDebtEconomyfeaturesFoodInflationLatin AmericamoneyPoverty and Developmentpurchase
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