Almost 90% of Brazilians intend to use 13th salary to pay off debts, says Anefac

Almost 90% of Brazilians intend to use the 13th salary to pay off debts. According to a survey by the National Association of Finance, Administration and Accounting Executives (Anefac), 87% of respondents will give this destination to resources – a slightly larger share than last year, when this percentage stood at 86%. Almost 90% of Brazilians intend to use the 13th salary to pay off debts. According to a survey by the National Association of Finance, Administration and Accounting Executives (Anefac), 87% of respondents will give this destination to resources – a slightly larger share than last year, when this percentage stood at 86%. With so many Brazilians using the money to pay off debts, this year's gifts should get slim. Only 5% of respondents said they intend to use part of the 13th to buy gifts. Another 2% intend to use the money to pay the start of the year expenses, while another 2% intend to save part of what will remain. Anefac also points out that 1% want to use part of the resources for buying and renovating the house, and that 3% have already received part or all of the 13th throughout the year, or made loans in anticipation. Debts and gifts Among the debts that Brazilians intend to pay with the 13th, the main ones are those with overdraft (45%), credit card (49%) and overdue bank financing (3%). The main gifts that should receive the resources are clothes (64%), various goods (55%), mobile phones (53%) and toys (36%). The survey was conducted with 1,130 consumers from all social classes during october.