The Growing Indebtedness of Households in Bahía Blanca: Causes, Implications, and Solutions

The growing indebtedness of households in Bahía Blanca has been a constant in recent times. The use of cards, especially among young men, has led to a consolidation of credit card debt.

Late payments have also become a major reason for debt problems, as some households are unable to pay despite increasing their working hours. The main reasons for taking on debt are the purchase of household appliances or clothing on credit, particularly among the middle and upper income groups with a higher level of education.

However, using credit cards to delay payments can be problematic for those with unstable or stagnant income, such as those with temporary or informal employment.

Francisco Cantamutto, a Conicet researcher told Canal Siete the need for specific debt policies and stable employment. A comprehensive approach is required to effectively address these issues.