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Brazilian families have never been in so much debt

Growing indebtedness has been fueled by low incomes, rising inflation and now soaring interest rates

debt families
Photo: Pri Bertocco/Shutterstock

In April, the number of Brazilian households in debt hit a record 77.7 percent, ten percentage points higher than a year ago.

By the numbers. Data released this week by the National Confederation of Commerce (CNC) shows that defaults have also reached a new all-time high. In April this year, the proportion of households late on debt repayments jumped by 4.3 percentage points compared to the same period in 2021.

  • In addition, the number of Brazilian households who declared they were unable to pay their bills or overdue debts, meaning they would remain in default, reached almost 11 percent...
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