“Irrecoverable” Debtors Grew by 60% in One Year and Already Exceed 3 Million
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By Joaquín Morosi/Noticias Argentinas Late payment continues at the center of the economic scene due to the high degree of incidence in the country, where “unrecoverable” debtors grew 60% in a year and already exceed 3 million. More than one in four debtors in the country register defaults in their credits, reflecting an accelerated deterioration in the families’ ability to pay, according to a survey by the Argentine Grande Institute based on da…
The gross rules of play imposed by Javier Milei’s national administration generated a trigger in late payment, to the point that debtors categorized as “unrecoverable” grew 60% in a year and already exceed 3 million. Punctually, more than one in four debtors in the country register defaults in their country.
The situation especially affects the younger ones. What is striking is that the debts that accumulate are for amounts less than $80,000. In only one year more than 1.7 million defaults were added.
“Irrecoverable” debtors increased 60%, according to Central Bank data.
The debt crisis of the families added a new alarm signal: 5.6 million people are in arrears of three months or more and 3.4 million have already been classified as “unrecoverable.” The deterioration is concentrated in small debts and in the younger sectors, while the Central Bank confirms that the [...]
Over the past 12 months, more than 1.3 million people have joined this category.
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