The threshold of the registered salaries continues to be low in the government of Javier Milei and is located in historical minimums. In that context, Available income of the most vulnerable Argentine families are 10% below November 2023according to the measurement of Empiria. The fall of assets during these months resulted in the Use of savings and the Fall of consumption.
In June, The AVA average home income fell 0.4% real With respect to the month of May, its third monthly fall in the last four months. In the first semester, the income remained 1% real above December 2024, although there are still 7% below November 2023.
The non -labor income They increased 0.2%, For the impact of the improvement on retirement, which evolve according to inflation, with two months of lag. While labor income was unchanged compared to May.
In the registered income segment, those of the Private sector They grew up 0.1% monthly in June, while Public Sector Salaries They fell 0.3% real, led by national public employees, whose salary fell 0.5%, while that of provincial public employees did it 0.1%.
The countercara was the Increased expenseswhich grew 2% real, driven by rentals and expenses (2.8% monthly) and public transport (2%). In 2025, fixed expenses grew only 1%, but consolidate the increase of 50% accumulated during 2024.
It should be noted that fixed expenses represent, on average, 23% from the total income of a home, although it differs as it is a tenant or owner. For tenant homes, fixed spending amounts to 36% of their income, while for owners they represent 19%.
In summary, the evolution of the income was disparate in June: while high -income households suffered a lower drop (0.1% monthly); In the base of the pyramid, 0.5% real were sank.
In the first semester, high -income households accumulated a 2% improvement, although they continue 3% below November 2023; While the most vulnerable groups accumulate a 3% improvement in the semester, but remain 10% below November 2023.
Consumption closely follows the evolution of the available income of families. In June, the Wholesale Self -Services They showed a decline 1.8% Monthly, while in unstacted terms they played a historical minimum since 2017, according to Indec. In the supermarkets, Meanwhile, sales exhibited a slight monthly ascent of 0.2%, with a tendency to stagnation.
Finally, the performance in Shoppings, more associated with the consumption of durable goods and of middle sectors, he threw his first year -on -year decrease since November 2024.
In the midst of the fall in the available income and after the end of the Lefis, interest rates suffer strong volatility were translated into a Promoting of credit card financing, which although in July it grew (5.3% monthly), it is expected that from now on it will translate into a decline.
In addition, the Money: In personal loans and credit cards They went up to 6.4% and 4.4% In June, respectively, while in the families climbed 6.5% and 4.9%respectively, according to the BCRA BANKS REPORT.
During the first half of the year, 36% of households declared having used their savings to deal with current expenses, below 38% of the same period of 2024, but above historical data, except for the peak of the pandemic. It is worth noting that The use of savings for current expenses is 5 pp above the historical average (31%).
Source: Ambito
