The total number of defaulters in Brazil remained at 68.76 million in May, repeating April’s result – the highest in the survey’s historical series. This figure represents 41.79 per cent of adult Brazilians. Compared to the same month last year, the percentage of defaulters in Brazil fell slightly by 0.04 per cent. The data comes from the National Confederation of Shopkeepers (CNDL) and the Credit Protection Service (SPC Brasil).

“Unforeseen circumstances, a reduction in income and a lack of control over the budget are major reasons for default and the priority ends up being to pay those bills that have had their services cut off, such as internet, telephone, water and electricity,” says CNDL president José César da Costa.

The survey, based on information from the capitals and inland cities of all 26 Brazilian states, as well as the Federal District, shows that people aged between 30 and 39 account for the largest proportion of debtors, at 23.69 per cent. As for the gender of defaulters, women account for 51.14 per cent and men 48.86 per cent.

When all outstanding debts are added together, the average debt of defaulters is R$4,445.19. According to the data, each negative consumer owed an average of 2.10 creditor companies. The figures also show that almost three out of every ten consumers (30.70 per cent) had debts of up to R$500, a percentage that rises to 44.72 per cent when it comes to amounts of up to R$1,000.

Original Story: Mercado e Consumo | Data: 19.06.2024
Edition and translation: Prime Yield