They have debts due on credit cards, personal loans, car and house payments, and other types of debt. The percentage for November is down 0.5% from the previous month.
Indebtedness among Brazilian families fell in August for the second month running, but the percentage of people with debts overdue and those saying they will not be able to pay off their arrears was on the rise.
The largest age group facing financial difficulties and restricted names falls within the 41 to 60 years range, accounting for 34.8 percent of the total defaulters.
The increase breaks a four-month streak of stability in the indicator. Despite June’s higher indebtedness—a month before predictions—the average slice of income committed to debts was 29.6%, the lowest since September 2020.
The number of outstanding debts in April this year surged 18.42% from the same span last year. Debt owed to banks is the top reason for default: 63.8% of the total. Four out of ten Brazilian adults are reported to struggle with overdue bills.
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