In Argentina, locals are taking loans to buy food

Al JazeeraCenterEN 6 min read 100% complete by By Josefina Salomon and Patricio A CabezasFebruary 16, 2026 at 08:37 PM

AI Summary

long article 6 min

In Argentina, many residents are resorting to loans, selling possessions, and credit cards to afford basic necessities like food. This trend has become increasingly common, with nearly half the population using such measures to cover expenses. A recent report indicates that over 60% of Argentinians have reduced activities and services to make ends meet. Sociologists express concern that even employed individuals are taking out loans for food rather than larger purchases. The situation is attributed to economic challenges, prompting President Javier Milei to implement austerity measures, including public spending cuts, since taking office in December 2023.

Key Entities & Roles

Key Player Opposition Context

Fundacion Pensar 30% Argentina Grande Institute 30% Argentina Grande ×240% Violeta Carrera Pereyra 40% Al Jazeera ×240% Javier Milei 50% Florencio Varela 50% Buenos Aires ×260% Diego Nacasio ×370% Argentina ×590%

Keywords

food insecurity 90% public spending cuts 80% debt crisis 80% credit card debt 80% fiscal balance 70% economic austerity 70% argentina economic situation 60%

Sentiment Analysis

Very Negative

Score: -0.70

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Argentina

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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food insecurity public spending cuts debt crisis credit card debt fiscal balance economic austerity argentina economic situation

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