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Workers Struggle as Austerity Deepens Inequality in Argentina

2/17/2026

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Summary

Story summary

In Buenos Aires, many families, including Diego Nacasio's, struggle to afford basics despite jobs.
Nacasio and others rely on credit and face a cycle of debt.
Sociologist Violeta Carrera Pereyra notes that even workers face financial stress, with 63% cutting back on services.
President Javier Milei's austerity aims to stabilize the economy but widens inequality.
Experts urge structural changes to raise wages in line with living costs.

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Story summary

In Buenos Aires, many families, including Diego Nacasio's, struggle to afford basics despite jobs.
Nacasio and others rely on credit and face a cycle of debt.
Sociologist Violeta Carrera Pereyra notes that even workers face financial stress, with 63% cutting back on services.
President Javier Milei's austerity aims to stabilize the economy but widens inequality.
Experts urge structural changes to raise wages in line with living costs.