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Indebtedness affects 78.9% of Brazilian families, reveals research

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The share of families with debts, in arrears or not, stood at 78.9% in November this year. The rate is lower than the 79.2% in October, but higher than the 75.6% in November 2021.Indebtedness affects 78.9% of Brazilian families, reveals research

The data – released today (6th) in Rio de Janeiro – are from the Consumer Indebtedness and Default Survey (Peic), carried out by the National Confederation of Trade in Goods, Services and Tourism (CNC).

Families in default, that is, with overdue debts, totaled 30.3% in November of this year, the same level as the previous month, but above the 26.1% of November 2021.

Families who will not be able to pay their bills rose to 10.9%, up from 10.6% in October and 10.1% in November last year.

The share of those who consider themselves heavily indebted increased from 14.8% in November 2021 to 17.5% in November of this year. The average commitment of income to debt was 30.4%, up from 30.3% in October this year and November 2021.

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