Universe of Indebted Households in Brazil Rises to 65.6 Percent in December

In November 2018, the percentage of households with debts had been only 59.8 percent.

RIO DE JANEIRO, BRAZIL - The percentage of indebted families rose 0.5 points over November, to 65.6 percent in December, according to the Consumer Indebtedness and Default Survey (PEIC), released on Thursday, January 9th, by the National Confederation of Commerce of Goods, Services and Tourism (CNC).

In relation to November 2018, when the percentage of families with debts stood at 59.8 percent, the recorded increase was 5.8 points.

This is the highest level of PEIC's historical series, which began in January 2010. Although it may signal excessive indebtedness, the PEIC's December reading cannot be considered . . .

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