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Survey Finds 8 in 10 Argentines Still Cutting Spending as Non‑Essentials Take the First Hit

New polling indicates only a slight retreat from May's deeper cutbacks.

Overview

  • Management & Fit’s late July–early August survey of 2,600 people reports 78.4% changed their consumption habits.
  • The most common moves were postponing non‑essential purchases at 16.8%, switching from first brands and reducing meat at 10% each, eating out less at 9.9%, and delaying trips at 8.6%.
  • Households reported minimal cutbacks in essentials, with health spending down about 3% and education 1.1%.
  • Lara Goyburu of Management & Fit noted the share is down from May’s roughly nine in ten, and self‑assessed income sufficiency shows modest gains, including a rise in those able to save.
  • Analysts describe a dichotomous recovery with higher‑income consumers expanding dollar‑denominated purchases, while retail data from CAME show July sales down 2% year over year and 5.7% from June.