Clipping of news on Brazilian Culture, Law and Citizenship
02/04/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Ratio increased from 38.9% in February to 42.3% this month.
Index is still lower than that recorded in March 2014, 48.4%
The proportion of indebted households São Paulo increased from 38.9% in February to 42.3% in March, informed the Federation of Trade in Goods, Services and Tourism of the State of São Paulo (FecomercioSP). Despite this high, the index is still lower than that recorded in March 2014, 48.4%.
"The increase of one month to the next indicates that the rise in prices has impacted the income of families that increase the debt to keep the same behavior. On the other hand, the slump in the annual comparison shows that consumers are afraid with the economic situation in the country, "says the FecomercioSP.
The debt is higher among lower-income families, who earn up to 10 minimum wages: 43.8%. Among those earning above that the debt ratio is 38.2%. Among the families with a low income the index is 12.8%, and among those earning more than 10 minimum wages, 5.4%.
According to FecomercioSP, families with lower income are the most feel the effects of inflation and higher interest rates and are more difficult to pay off debts.
Income compromised
Of the indebted households, 49.8% are between 11% and 50% of income committed to the payment of debts. The period of commitment, 44.4% have debt for more than one year and 19% have debts ranging from 3 to 6 months. Questioned whether they can pay off or pay part of the debt next month, 3.7% said no. The number is smaller than seen in March 2014, when 5.1% said they can not pay its debts as next month.
The main type of debt remains the credit card, used by more than half (59.3%) of the families interviewed. Compared to February, the use of credit cards as the main type of debt increased by 12.2 percentage points. The high is due to factors such as safety and practicality, and the expansion of consumption of the C, D and E, which have a greater ability to get credit cards.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.