World News

Argentine youth face rising debt as Milei resists debt relief calls

Nearly half the population owes money, prompting opposition calls for interest-rate caps despite government pushback.

Updated Sep 9, 2026 · 11:51 UTC2 reports

The short version

According to the Center for City Studies, nearly half of Argentina's population is in debt, with borrowers under 25 facing a 37.6% delinquency rate.[Associated Press]
Opposition lawmakers organized a special congressional session to consider interest-rate caps and debt renegotiation measures.[Associated Press · ABC News]
President Javier Milei rejected state relief proposals, calling unpaid debt a private issue, while administration approval fell to 33% in a recent poll.[Associated Press · ABC News]

The Center for City Studies reported that nearly half of Argentina's 45 million citizens owe money and more than 5 million are behind on payments.[Associated Press · ABC News]
Borrowers under the age of 25 have a delinquency rate of 37.6%, the highest of any demographic group.[Associated Press · ABC News]
Opposition lawmakers scheduled a special legislative session to debate interest-rate caps and debt restructuring mechanisms.[Associated Press · ABC News]
President Javier Milei dismissed calls for state intervention, arguing unpaid debts represent private agreements between lenders and borrowers.[Associated Press · ABC News]
Annual inflation dropped from approximately 289% in early 2024 to around 34% in July.[Associated Press · ABC News]
A Zuban Córdoba poll found public approval for Milei's administration fell to 33% in late July, compared with 49% in December 2025.[Associated Press · ABC News]

It remains uncertain whether opposition lawmakers can secure enough support to pass statutory interest-rate caps or debt relief measures over executive resistance.[Associated Press · ABC News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.