Debts on basic utility bills hit record high

According to data from Serasa’s Default and Debt Renegotiation Map, Brazilian families are delaying payment of basic bills such as water, electricity, gas and telephone at unprecedented levels.

In August, these expenses accounted for 24.5% of the population’s debts, the highest level for this type of bill since the start of the historical series in 2019.

Also according to the report, basic water, electricity and gas bills represented significant growth among the debt segments, with an increase of 0.53 percentage points (p.p.) in August, and 2.97 p.p. since the beginning of this year.

Original story: Contec |News 
Photo: Photo by Marcel Krings in FreeImages
Edition and translation: Prime Yield