Brazilian Families’ Indebtedness and Consumer Default Remain High in August

The share of indebted and defaulting families (with debts in arrears) increased in August this year, according to data from the Survey of Indebtedness and Consumer Default (PEIC).

RIO DE JANEIRO, BRAZIL - The study was released on Friday, September 13th, by the National Confederation of Commerce of Goods, Services, and Tourism (CNC).

The percentage of families with debts (not necessarily in arrears) reached 64.8 percent in August, up from 64.1 percent in July this year and 60.7 percent in August last year.

Meanwhile, defaulters reached 24.3 percent, up from 23.9 percent in July and 23.8 percent in August . . .

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