Brazilian families have never been in so much debt

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 last month, the highest level since December 2020.

Putting it on plastic. CNC data...