{
  "id": 1825095,
  "title": "Under Milei’s austerity drive, Argentines trapped in 1,000pc interest rate debt crisis",
  "url": "https://urgent.news/2026/08/18/under-mileis-austerity-drive-argentines-trapped-in-1-000pc-interest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T23:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/world/2026/08/19/under-mileis-austerity-drive-argentines-trapped-in-1000pc-interest-rate-debt-crisis/231788"
  },
  "original_language": "en",
  "account": null,
  "summary": "Under President Javier Milei's austerity drive, Argentina is grappling with a severe debt crisis as debt delinquency among families has tripled in the past year and reached its highest level in two decades. The Central Bank of Argentina reported that 5.8 million people are more than 90 days behind on their debt payments, with 21 million out of Argentina's 46 million population having some form of debt. Milei's radical free-market policies have curbed inflation but left many struggling to make ends meet due to stagnant incomes and a cost of living crisis. Personal loans and credit cards account for over 70% of unpaid loans, with interest rates soaring to 1,000%, creating a perfect storm for families as longer repayments and higher bills coincide with stagnant wages.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}