Default affects 41.25 per cent of Brazil’s adult population, or 67.98 million consumers. The figure refers to the July 2024 indicator of the National Confederation of Shopkeepers (CNDL) and the Credit Protection Service (SPC Brasil). The percentage of defaulters also increased by 0.38 per cent compared to the same period last year.

The most significant number of debtors in July was in the 30 to 39 age group (23.67 per cent). According to the estimate, there are 16.77 million people registered as debtors in this age group, which means that half (49.31 per cent) of Brazilians in this age group are in debt.

In July, each negative consumer owed an average of R$4,358.95 in all their debts. In addition, each defaulter owed an average of 2.10 creditor companies, considering all these debts.

The number of debts in arrears in July grew by 2.25 per cent compared to the same period in 2023. The figure for the seventh month of this year was higher than the annual variation seen in the previous month. Even so, from June to July, the number of debts fell by -0.57%.

Original Story: Exclusivo | Author: Michel Pozzebon
Edition and translation: Prime Yield