20% of households now have more than half of income committed to debt

Two out of ten families had more than half of monthly income committed to the payment of debts in November, according to a survey of consumer indebtedness and Default (Peic) the data were released yesterday by the National Confederation of trade Goods, services and tourism (CNC), and show that in November, the proportion of families with debt was 60.3% – less than the 60.7 percent seen in October and that the 62.2% November 2017. Even so, there has been a slight drop in delinquencies: 22.9% of respondents reported owning family debts or overdue accounts in November, 0.6 percentage point less than in the previous month, but well below the verified in November last year: 25.8%. The Peic showed that the percentage of families who declared not to be able to pay bills or debts in arrears and that, therefore, tend to follow in default, was steady at 9.5%, below the 9.9% in October passage for September. In November 2017, the indicator was at 10.1%. "Brazilian families were more optimistic regarding your ability to pay," says economist responsible for the study of CNC Marianne Hanson. According to her, the drop in delinquencies comes following a lower level of debt and the reduction of impairment of household income for the payment of debts. Pain in lower interest rates contribute, but credit card debt villain remains to 77.4% of families interviewed. The meats are the main type of debt to 14 8% of families interviewed and, thirdly, funding appears (10.2%). In addition, the proportion of households that declared themselves "very indebted" was pretty much stable: 12.8% in November versus 12.9% in the previous month. Compared to the previous year, the decline was 1.8 percentage point. Already the average delay for the payment of debt was 64.6 days in November 2018, up from 64.2 in 2018. On average, the commitment to the debt was of 6 9 months, with 31.6% of families have debts for over a year.