Indebtedness affects 78.3% of Brazilian families, says CNC

The data are from the Consumer Indebtedness and Default Survey (Peic), released this Thursday (4th), by the National Confederation of Trade in Goods, Services and Tourism (CNC).

The forecast is that the percentage of 78.3% will remain the same over the next two months and rise to 78.4% in July, according to the CNC.

The survey indicates that the share of defaulters – those who have bills or debts in arrears – reached 29.1% of families in the country, below the 29.4% of March, but above the 28.6% of April 2022 The increase occurred mainly in the middle class.

Those who will not be able to pay their debts added up to 11.6%, a percentage higher than the 11.5% of March and the 10.9% of April of the previous year. “Those who have debts overdue for a longer period continue to face difficulties in getting out of default due to high interest rates, which worsen financial expenses”, highlights CNC economist Izis Ferreira.

For every 100 defaulting consumers in April, 45 were in arrears for more than three months. According to Peic, many consumers have resorted to personal credit, the modality in which interest had the lowest growth (average of 42% per year), to pay more expensive debts, such as the revolving card, for example.

Of all indebted consumers, 86.8% have credit card debts and 9% personal credit. The use of this type of credit is the highest in a year, while that of personal credit exceeds the last six months, according to the CNC.