{
  "id": 6432612,
  "title": "Nearly 4 in 10 young Argentine borrowers are behind on their debts as the generation that helped elect Milei struggles to get by",
  "url": "https://urgent.news/2026/09/09/nearly-4-in-10-young-argentine-borrowers-are-behind-on-their-debts-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T14:14:40.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/09/argentina-young-people-debt-milei-economy/"
  },
  "original_language": "en",
  "account": "Nearly 40% of young Argentine borrowers are struggling with their debts, as the generation that backed President Javier Milei now grapples with financial difficulties, according to a nonprofit tracking debt using central bank data. Martín Taborda, an unemployed student at Argentina's prestigious University of Buenos Aires, owes $1,300 and is unable to afford his bus fare or textbooks. He is among the 5 million Argentines who are behind on their payments, with those under 25 having the highest delinquency rate at 37.6%. Taborda's debt grew tenfold after accrued interest on missed payments, forcing him to borrow $100 through a mobile payment app for education expenses, which then ballooned. The economic challenges faced by young Argentines are testing Milei's support, with opposition lawmakers proposing a special session of Congress to address the issue through interest-rate caps and other measures. Milei, however, dismisses the government's role in debt relief, arguing that unpaid debts are a private matter. The financial strain has led to protests from labor unions and debtors outside Congress, highlighting the growing concern among voters beyond Milei's success in controlling inflation.",
  "summary": "Nearly half of Argentina’s 45 million people owe money, as more households turn to loans for groceries and everyday expenses.",
  "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."
}