Argentina: 78% of households in lower middle class or below; income drop fuels consumption caution

A cross-study by consulting firm W, Ecolatina, and INDEC shows 78% of Argentine households are in the lower middle class or below, with only 22% above that threshold. A 15% drop in disposable income and employment precariousness explain the marked prudence in consumption, signaling weak domestic demand and potential downward pressure on growth.