Overview
- A UBA study released Thursday found household loan delinquency at 10.6% and consumer credit delinquency at 12.1%, topping levels seen since 2009, including the pandemic.
- Since December 2023, services prices rose about 362% versus roughly 170% for goods, pushing the services share of paychecks to around 42%.
- Consumer credit has grown 57% since the start of the Milei administration, reflecting borrowing to cover daily expenses and raising the risk of costly refinancing cycles.
- Supermarket payments have shifted toward credit, with credit cards up to 43% of purchases as debit and cash fell and e‑wallets doubled to 15%.
- A private survey cited by El Ancasti found 57% of middle‑income households now borrow to make ends meet, with 83% using debt for food and 60% for basic services.