Indebted Argentines march in Buenos Aires over rising household debt
Trade unions and social organisations marched to Argentina's Economy Ministry on Thursday, demanding action over growing household debt as families struggle with everyday expenses.
The so-called "March of the Indebted" brought together major labour groups and organisations representing people in debt, who said more Argentines were relying on credit cards and loans to cover basic needs.
Textile worker Oriana Fernandez said she had been unable to service her debt for more than a year. "Wages are not enough, pensions neither. Unfortunately we have to turn, obviously, to the Government so that it can give us a solution, an answer," she said.
Another worker, Vaneza, said she had fallen into debt trying to pay for electricity and food as her wages failed to keep pace with the cost of living.
Fernando Moyano, president of an organisation representing indebted people, said the problem affected generations from pensioners borrowing to buy medication to young people taking loans to purchase bicycles or motorbikes for work.
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Protesters called on President Javier Milei's government to introduce refinancing measures amid rising arrears. According to the Centre for Argentine Political Economy, 20.9 million people have debts within the financial system, with 5.8 million in arrears.
This story is written and edited by the Global South World team, you can contact us here.
