How Argentines Live With Inflation

For many Americans, the sudden burst of inflation has been disorienting. So for some advice, we turned to people who have become experts in the art of surviving runaway inflation: Argentines. Patrick Gillespie reports from Buenos Aires. Like this video? Subscribe: #BuenosAires #Inflation #Explained Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world. Bloomberg Quicktake: Explained brings you the context behind the headlines, helping you see the day's news through the prism of what will matter in the years ahead. Check out our partner channels Bloomberg Quicktake: Originals for original series and Bloomberg Quicktake: Now for breaking global news. To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us! YouTube: Breaking News on YouTube: Twitter: Facebook: Instagram: ...(read more)

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Argentina has a long and notorious history of inflation. Inflation, the rate at which prices for goods and services rise, has been a persistent problem in Argentina for decades. It has impacted the quality of life for many Argentinians, but they have developed a set of strategies to cope with inflation. The first strategy used by Argentinians is to pay cash. Credit cards and other payment methods, such as debit cards, are less common because they exacerbate inflation. Argentinians, therefore, exclusively use cash to pay for goods and services. The rationale behind this is that cash is an asset in itself - it can be used to buy things immediately, and it loses value more slowly than other forms of currency. Another strategy used by Argentinians is purchasing necessary items in bulk. Inflation causes prices to rise frequently, and Argentinians purchase items such as food products, toiletries, and cleaning supplies in bulk during periods when prices are relatively low. Argentinians also save up money when goods are on sale, so they can purchase items when they get expensive again. One novel strategy employed by Argentinians is called the "Blue Dollar." The Blue Dollar is an informal currency exchange that operates parallel to the official currency market in Argentina. Foreign currency, such as US dollars, is highly sought after in Argentina, and the Blue Dollar enables Argentinians to obtain it by exchanging pesos for dollars at a rate that's below the official exchange rate. While the Blue Dollar is technically illegal, it is widely used and accepted throughout the country. Argentinians have also found ways to make extra money to cope with inflation. For instance, some Argentinians rent out spare rooms, provide transport services such as taxis, or work as tour guides to earn extra money. It is therefore common for Argentinians to have multiple jobs, which they can use to save for future expenses and mitigate the effects of inflation. In conclusion, the strategies employed by Argentinians to combat inflation are a mixture of practicality and ingenuity. From paying cash to making extra money to coping strategies such as economizing and saving, the resilience of the Argentinian people during periods of inflation is admirable. Although inflation remains a constant challenge for Argentinians, these strategies serve as a blueprint for others who seek to mitigate the impact of inflation on their lives. https://inflationprotection.org/how-argentines-live-with-inflation/?feed_id=76098&_unique_id=640526d885fa2 #Inflation #Retirement #GoldIRA #Wealth #Investing #documentary #argentina #argentinaeconomy #argentinainflation #Bloomberg #bloombergexplained #bloombergquicktake #breakingnews #buenosaires #buenosairesargentina #doc #explain #explained #explainer #Finance #globalnews #inflation #inflationargentina #inflationbuenosaires #inflationinargentina #Markets #minidoc #minidocumentary #news #newsexplained #quicktake #quicktakeexplained #worldnews #InvestDuringInflation #documentary #argentina #argentinaeconomy #argentinainflation #Bloomberg #bloombergexplained #bloombergquicktake #breakingnews #buenosaires #buenosairesargentina #doc #explain #explained #explainer #Finance #globalnews #inflation #inflationargentina #inflationbuenosaires #inflationinargentina #Markets #minidoc #minidocumentary #news #newsexplained #quicktake #quicktakeexplained #worldnews