The financial health of Argentine households is in a critical moment, marked by a record level of debt with digital platforms. According to the Argentine News Agency, citing a report from the EcoGo consultancy published by the ClarÃn newspaper, families already allocate 33% of their income exclusively to repaying balances on virtual wallets and non-bank lenders, the highest figure in the series' history. The picture worsens when adding commitments to the traditional banking sector: the total household debt amounts to 140% of their monthly income. "Many people who have access to formal credit don't have enough to make it to the end of the month and use alternative mechanisms. In cash terms, this means that of the 12.6 trillion pesos lent by the non-banking system, about 2.7 trillion have collection problems," explained Marina Dal Poggetto, director of EcoGo. Financial stress also hits traditional banks, though to a lesser extent due to the charge for automatic debit: delinquency on personal loans soared to an unprecedented 11%, while on credit cards the irregularity reached 8.4%, multiplying by six compared to 2024. The most alarming data is the deterioration in the ability to pay: the amount of loans considered "irrecoverable" (with more than a year of delinquency) jumped from 2.6% to 6.4% in just twelve months.
