According to the latest study carried out by Serasa, about 62.5 billion Brazilians have their names in bad debt, with each one oweing an average off of R$ 3,937.98 – the equivalent of more than three minimum wages.

The Default Map shows that the largest volume of debt corresponds to the bank/ credit card category, which represents 29,7% of the more than R$ 211 million in debt. Next are the bills with electricity, water and gas, with 22.3%. Retail purchases represent 13% of the debts of Brazilians

Serasa also points out that Brazilians are seeking negotiation through Serasa Limpa Nome. The age group of 31 to 40 years old was the one that most sought a financial solution for debts, followed by those between 18 and 25 years old.

Original Story: A Cidade On |Agência do Estado 
Photo: Photo by Bruno Leiva in FreeImages.com
Edition & Translation: Prime Yield