Consumer defaults in Brazil rose again in June after slowing in the previous month, with 50.9% of the country’s adult population holding overdue debts, according to data released by credit bureau Serasa.

Serasa’s latest Delinquency Map showed the number of consumers with negative credit records increased by 0.28% from the previous month.

The average amount owed per indebted consumer reached 6,920.63 reais, equivalent to around four times Brazil’s national minimum wage.

Total outstanding consumer debt stood at 579.5 billion reais, according to the report.

Original Story: Misto Brasil
Edition and translation: Prime Yield