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Argentina's Debt Crisis Deepens | Argentina News
Argentina’s household debt hits a two-decade high as austerity measures curb inflation but crush incomes and spike costs for essentials, leaving 21 million out of 46 million struggling to pay. With arrears soaring from 4.5% to over 12% in just a year, families can’t afford basics, school fees, or business gear—many too ashamed to admit their plight. Stagnant wages and high loan values make repayment brutal, while predatory digital lenders offer sky-high interest rates (sometimes over 1,000%) to young people before they’ve even landed jobs. Lawmakers are now sounding alarms over usury, as…
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