These debts do not stem from luxury spending but rather from a “drop in purchasing power that forces people to finance basic necessities like food and medicine,” Femenía emphasized in response to President Javier Milei.

In his last three public appearances, the president appeared agitated, rude, and abusive; he even snapped that it is “stupid to think that family debt exists,” denied that unemployment had risen, and claimed inflation had dropped to zero—announcing he would give another “concert” to celebrate.

The SME spokesperson went further, describing a scenario of widespread recession affecting the entire country, where stagnation in the domestic market and a lack of state incentives are preventing economic activity from rebounding.

Regarding inflation, the government reported a wholesale rate of 0.8 percent for July—a figure the president seized upon—though independent consultancies quickly pointed out that this specific trend was recorded only during the final week of the month.

As for unemployment, economic commentator Erika Cabrera notes that since the leader of *La Libertad Avanza* took office, 241,000 jobs have been lost in the private salaried sector.

To this figure, one must add 69,769 jobs lost in the public sector, according to official records of workforce reductions within the state administration.

A compilation of survey results indicates that the president is losing the youth vote. These polls detected a decline in support for the president among demographic segments under the age of 30. The economy, employment, and a lack of prospects appear among the main reasons for the disillusionment.

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