As the years go by, the tendency to consume more than necessary increases significantly. The act of spending madly is becoming a habit in many people's lives. According to data provided by the central bank (BC), in August, 29.4% of family income was allocated to paying debts. According to the same source, this index was the highest in history since 2005.
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Debts on family income
The survey was started in 2010 and showed that there was indeed a drop of 0.4% in that month in question, but at the same time an increase of 3.5% in 12 months. The debt excess in August reached 52.9%, which, according to the Central Bank, is the second highest number in history. The absence of payments also increased in the same month. The percentage of people who do not settle their debts within the established period is 5.7%.
People opting for new hires are at an advantage as there was a drop of 0.2%. They are 28.6% annually, but in the last twelve months they are 7% higher. Payments for more than 90 days remained stable in September at 2.8%. Even if the studies did not consider real estate financing, it is clear that there is a commitment of 27.2% in debt, the highest in history. Still on real estate, there was a record of 33.5%, which characterizes a drop when compared to July.
The increase in the Selic rate was a key factor for the rise in debt. It is currently set at 13.75% for the year. Credit card revolving, when the customer does not pay the full amount of the invoice within the stipulated period, reached a percentage of 388.7% per annum in September. Although some think that long-term financing is the biggest villain, this is not true. It is proven that credit programs are the biggest cause of debt in Brazilian homes.