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In August, 77.4% of families had debts, showing a reduction compared to July. See!
Since the beginning of 2010, the National Confederation of Trade in Goods, Services and Tourism (CNC) has published the Consumer Indebtedness and Delinquency Survey (PEIC) monthly. This week, CNC presented the data for August, revealing an encouraging scenario.
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In August, 77.4% of families had debts, indicating a decrease compared to July, when the rate reached 78.1%. This represents a drop of 0.7%. Check out more information!
Fewer debts for Brazilians
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The study also shows that, over the last year, household indebtedness decreased by 1.6%. However, the number of overdue accounts grew from 29.6% to 30%. Furthermore, the share of individuals who believe they will be unable to pay off their debts rose from 10.8% to 12.7% over 12 months.
According to a survey conducted by the National Confederation of Retailers (CNDL) and the Credit Protection Service (SPC Brasil), the sectors in which citizens accumulate the most debt are:
- Banks: 62.67%;
- Water and Electricity Services: 12.24%;
- Retail: 11.42%;
- Miscellaneous: 6.86%.
Debts x Outstanding Delinquencies
Read also: Desenrola Brasil: Debt Renegotiations Anticipated by Major Retailers
Although they are commonly linked, having debts and being delinquent represent different conditions. Having debts refers to the act of a consumer taking on a financial obligation that will be settled later. Therefore, it involves future financial commitments, such as credit card purchases or financing for properties or vehicles, as long as they are up to date.
On the other hand, delinquency occurs when an individual accumulates debts excessively and is unable to meet the commitments assumed, thus losing control of their financial situation. In short, not everyone in debt is delinquent, but every delinquent person has debts.
