Household indebtedness with booklets and cards from retail stores and household defaults increased this year. Debt reached 19.4%, a percentage that represents an increase of 0.5 percentage points (p.p) compared to the previous month and 1.2 p.p. compared to August last year. Default reached 29.6% of all families in the country, the highest level since the beginning of the historical series in 2010. The results were released by the National Confederation of Trade in Goods, Services and Tourism (CNC).

According to the data, the percentage of families who reported having debts due on post-dated checks, credit cards, overdrafts, store payment cards, payroll loans, personal loans, car and home installments reached 79% of the total of homes in Brazil. “The growth in the proportion of indebtedness accelerated in the monthly passage, with an increase of 1 percentage point. Compared to August last year, the proportion of debtors increased by 6.1 p.p.

To address this critical scenario, the newspaper VTV da Gente, from SBT/VTV Campinas, brought a report on this increase in indebtedness of Brazilian families, compared to last year, as pointed out by CNC.

Our consultant and financial director, Daverson Furlan, gave an interview and brought a view of the market with tips to help solve this problem.

Watch the full interview via the link https://youtu.be/wrwqNfVMPAU

It is worth remembering that, just like in Brazilian homes, companies must also be careful with their financial life. According to Furlan, the imbalance in government accounts, reflected in the Selic rate and in real interest, discourages productive investment and raises the cost of loans and financing, making products more expensive, reducing the competitiveness and profitability of practically all enterprises in the country.

“The increase in the Selic rate and its maintenance at an extremely high level (13.75% in November), implies a real interest rate, discounting the inflation measured by the IPCA of 6.47% in the last 12 months, of approximately 6.8%. These high real interest rates make consumer credit more expensive, slowing down various sectors of the economy, culminating in lower revenues for companies”, explains the situation.

But this indebtedness should not necessarily be considered a negative thing. “Financing productive assets is healthy because it is usually done with lower interest rates, as the acquired asset is usually a guarantee, reducing risk and its amortization is linked to cash generation from operations”, points out the consultant.