62% of Brazilians do not keep money, says survey of SPC

SÃO PAULO-at the height of the debate on the relaxation of labor laws and welfare, which assumes that Brazilians should be concerned with making a nest egg, 62% of a total of 801 respondents by SPC and National Confederation of Brazil Dirigentes Lojistas (CNDL) in the country said they don''t keep money. The survey is for the month of January and reinforces the first edition of financial reserve indicator, that entities shall disclose each month from this Tuesday. The index will gather data about the number of Brazilians who had managed to keep at least part of their income and monitor the evolution of this habit.
In January, 29% of covered by the survey reported that they keep only what''s left of the budget. Only 7% reserve a fixed amount every month. Adding the two percentages, 36% have a habit of saving some money. Of the total respondents, 2% preferred not to respond to the survey. Among savers, the average reserved was 481 R$. Most search protect themselves against periods of sick leave clearance and unemployment. Saving is the main destination of the reserve, but 20% still keep money at home, according to the research of Brazil and SPC CNDL.
The indicator also shows that there are differences between the habit of saving according to social class. In classes A and B, the usual savers, regardless of the value be fixed or not, amounted to 58% of respondents. Already in classes C, D and e totaled 30%.
According to the President of the SPC, Roque Pellizzaro, Brazil Brazil does not have the habit of saving and, when you save, most of the time saving is what''s left of the budget, and not something that was planned. "The formation of a reserve of money is a topic crucial to the balance of personal finance, but it tends to be overlooked by most consumers, says Pellizzaro. To him, the consequence of this is that, in the case of an unforeseen event, many will end up in default.
Respondents were also asked about the savings made in the month preceding the survey. The indicator shows that in December, expressive 75% failed to book anything from your income, against 23% who spared. The difference between the classes also appears here. In classes A and B, the percentage of savers was 36%, while in classes C, D and e, was 19%.
"It is remarkable that most Brazilians don''t set aside part of your money in December, including who belong to high-income classes. The economic crisis has certainly your role on the result of the low savings. With the growth in unemployment, the family budget became tighter and, in some cases, insufficient to honour commitments already undertaken up, "explains Pellizzaro.
According to the President, the terms of payment accounts are clear symptom of the household budget tightening. According to the data, even among the usual savers, 46% needed to have your financial reserve in December. The main reasons were the payment of debts (13%), extra expenses (11%), the House (12%), consequential (4%) and also the consumption (8%).
According to the survey, the majority of savers search, to make a reservation, protect themselves against unforeseen events such as illness, death of loved (43%) or even unemployment (31%). There are also 27% saving thinking to ensure a better future for his family and 24% saving with a view to the realization of a dream. Of these, 23% cite the travel plans and 18% mention the purchase or discharge of the House.
The financial reserve with a focus on retirement was cited by only 17% of respondents. "It is a very low percentage, since we''re only considering the reality of savers", indicates the SPC Chief Economist Brazil, Marcela Kawauti. "In the long term, the lack of preparation Snake your price. Without constituting a reservation, many old people are forced to review your consumption pattern or end up in third-party dependency. In times of discussion on the reform of pension rules, the theme becomes even more urgent. "
The indicator shows that the main destination of money reserved is still the savings account, cited by 62% of respondents. Also draws attention to the fact that 20% of savers keep money at home. Investment funds were mentioned by 10% and the Pension, by 6%. Complete the list other investment alternatives such as fixed income and securities, but cited by less than 5% of these respondents. "As you can tell, the investment portfolio of Brazilian saver is quite conservative. Cultivate the habit of reserve money is a major step, but the consumer should consider the financial return, "advises Kawauti.
"If the investor chooses an application of lower income when there are others that offer higher returns, it''s like he''s losing money. In recent years, who opted for the savings, had part of your money eroded by inflation or, at most, has achieved a real income too low ", according to the Economist. "In the case who kept the money at home, the losses were even higher," he concludes.