The percentage of Brazilians officially registered as “in default” for having bills overdue totaled 40.5% of the population aged 18–95 in February. Brazilians with bills overdue and with restricted access to credit are estimated to total 61.7 million.
The data come from the Credit Protection Service (SPC Brasil) and the National Confederation of Head Shopkeepers (CNDL).
In February, a 2.71% hike was reported in the number of indebted individuals against the same month last year. Compared to January, the increase was 0.55%. “The estimate reflects the economically difficult conditions still facing families, with high unemployment and income still low. But these circumstances alone do not explain the delinquency phenomenon. Neglecting finances is often what leads to lack of control and delayed payments,” said SPC Brasil President Roque Pellizzaro.
The age group with the highest number of people in default in February is 30–39, 51% of the population within this range. Of those aged 40–49, 49% are delinquent; and in the 25–29-year-old range, this proportion stands at 46%. As for younger people, aged 18–24, the percentage drops to 20%. Among the elderly (65–84 years of age), the figure reaches 31%.
Translated by Fabrício Ferreira