The extreme measures Argentines take to meet their needs

The case of purchasing power In a situation of unbridled inflation, wage figures become increasingly clear. Money is not enough and this is reflected in the reasons individuals and families go into debt. According to a survey conducted by a certain website among its users in July, it was found that canceling loans (33%) is the main objective of the loans requested.

This section includes various debt items such as trade payables, credit cards, taxes, and other debts. While this is a slight drop from the previous survey in March 2022 when it reached 36.2%, it remains first in the category.

Of most concern is the fact that a new clause occasionally crops up that was not included in the March poll: Request for a pay off the loan. This article is in second place with 19%.

This reflects the difficulties faced by inflation as a large part of the population lives on low wages. This also explains the drop in consumption in some areas. extreme judgement Borrowing to make ends meet is when the opportunity to cut spending is already limited, because cuts can be made due to the fact that the adjustment in consumption leaves only essentials.

Another reason for using funds is home repairs, which are showing a 16% growth compared to 14% in the March sample this year, said Ixpandit Fintech Factory, a fintech dedicated to providing online loans. Is. Adelantos.com User Data.

The service payment item, on the other hand, remained at the same percentage at 9%. On the other hand, other destinations are also explored, such as Expenditure on medication (8%)Rent (6%) and supermarkets (3%).

“At Adelantos.com, we target low-bank individuals who have a bank account but because of their credit risk profile do not have access to the products or services that the bank offers,” he explained. Fatima MaidanMarketing Manager.

Among the debtors of Adelantos.com, 57% identify with the male gender, while the female gender accounts for 42% of the sample. 58% are professionally in a private dependent relationship, 23% are government employees and 10% are self-employed or self-employed.

The frequency with which they request financial assistance is 32% for those who do so first, then every three months (14%), once a year (15%) and twice a year (twenty). resort to credit. -One%).

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