Brazil recorded the highest number of families with overdue accounts in 12 years. In all, 27% of consumers were in this situation in February, according to a survey released this Thursday (3) by the National Confederation of Commerce in Goods, Services and Tourism (CNC).
The number of people with overdue debts or accounts reached the highest level since March 2010 and is not expected to improve in the short term, according to the entity.
This is because at least 10.5% of respondents are unable to honor their commitments to reverse the scenario.
The survey also shows that 76.6% of Brazilians reported having some type of debt due in February, a considerable increase when compared to debtors in the same period in 2021. Exactly one year ago, this rate was 66.7%.
According to the CNC, indebtedness has risen both among the richest and the poorest.
For the range of up to ten minimum wages, families with overdue accounts exceeded the Brazilian average and reached 77.8%.
Among those with income above ten minimum wages, the default rate was 72.2%. Despite being lower than the national average, the indicator represents the highest of the historical level.
“The rise in inflation and interest rates has deteriorated domestic budgets, culminating in the intensification of default indicators, which had been showing an upward trend since the last quarter of last year”, the survey details.
“The purchasing power of families is also affected by the high level of indebtedness, with debts already contracted”, he adds.
Given this situation, the analysis draws attention to factors that will impact the financial health of Brazilian consumers throughout 2022.
“The increase in credit in Brazil and the weakness pointed out in the job market, especially in an election year, should continue to affect the dynamics of indebtedness and consumer default”, highlights the document.
To make these projections, the entity takes into account forms of payment such as credit cards, overdrafts, post-dated checks, store books, payroll loans, personal loans and car and house payments.
Every month, the National Consumer Indebtedness and Default Survey (Peic Nacional) hears about 18,000 people in all capitals and the Federal District.
Source: CNN Brasil
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