(FILES) This aerial view shows the Padre Carlos Mujica shantytown -aka Villa 31- in Buenos Aires, on February 26, 2026. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by LUIS ROBAYO / AFP via Getty Images)

(FILES) People walk through a street market in Villa Fiorito, on the outskirts of Buenos Aires, on October 19, 2025. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by Luis ROBAYO / AFP via Getty Images)

(FILES) A homeless man sleeps at Plaza de Mayo square in front of Casa Rosada presidential palace in Buenos Aires on September 25, 2024. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by LUIS ROBAYO / AFP via Getty Images)

(FILES) A man works at a supermarket in Buenos Aires, on February 10, 2026. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by Luis ROBAYO / AFP via Getty Images)

(FILES) Storm clouds cover the skyline of downtown of Buenos Aires, on February 7, 2020. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

(FILES) The sun sets behind the skyline of Buenos Aires on January 19, 2023. Household arrears in Argentina have tripled in twelve months and reached in 2026 their highest level in 20 years during Javier Milei's government. The main problem is stagnant incomes and soaring living costs, particularly due to utility bills, which have far outstripped inflation since the ultra-liberal president came to power in December 2023. (Photo by Luis ROBAYO / AFP via Getty Images)

General view of luxury brands Hermes, Cartier and Bvlgary shops in a shopping mall in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk next to a Rolex watch shop in the Jing' an district in Shanghai on August 18, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)