Clipping of news on Brazilian Culture, Law and Citizenship
04.12.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Increase in one year was driven mainly by low-income families.
Proportion of indebted households reached 49.3% in November.
The proportion of indebted households in the city of São Paulo rose 5.5 percentage points in one year and reached 49.3% in November, according to the Federation of Trade in Goods, Services and Tourism of the State of São Paulo (FecomercioSP). In the same month of 2014 were 43.8%. In absolute figures, the total number of families with debt rose from 1.571 million to 1.767 million - an increase of 196 thousand families.
Consumers renegotiate debts during the "Clean Feirão Name" Serasa in SP (Photo: Taís Laporta / G1)
Compared to October, the index fell 3.1 percentage points, fall reflecting the seasonal movement, since consumers tend to avoid new debt in the period, already planning for the year-end spending, and also enjoy the anticipation of 13 to pay off old loans.
The increase in debt in one year was driven mainly by low-income families, according to FecomercioSP. For those earning up to 10 minimum wages, there was increase of 6.2 percentage points, from 47% to 53.2%. Among families with income higher than 10 minimum wages, in debt ratio reached 37.9% in November from 34.5% in the same month 2014.
Default
On-month, the proportion of households with overdue bills fell compared to October and from 18% to 17.1%. However, the share of non-performing rose 6.6 percentage points compared to November 2014, when the proportion was 10.5%. The index was driven by low-income families. Among those who earn up to 10 minimum wages, bad debt reached 20.8%, compared to 23.2% in October and 13.3% in November 2014. In contrast, among families with incomes above 10 minimum wages, ratio was 8.5%, against 6.4% in October and 4% in November 2014.
The proportion of low-income families will not be able to pay the bills in the coming months, in turn, stood at 9.5% (against 9.9% in October and 4.8% in November 2014). Among families with income above ten minimum wages, the proportion rose from 1% in November last year to 2% in October, and was the same 2% in November 2015.
Debt type
Regarding the type of debt, the champion is still the credit card. In November last year, the proportion was 67%, compared to 73.7% in October and 73.9% today. Among indebted low-income, this figure was even higher (77%).
In the monthly comparison, there were also high on personal credit item, which increased from 10.9% in October to 12.1% in November. Have car financing reached 18.4%, up from 18% in October; followed by home financing, which was 12.8% to 12.7%; and overdrafts, which rose from 8.2% to 7.7%.
Impairment income
Among indebted consumers, 39.7% have debt with an average maturity of more than one year; other 21.9% have debts of up to three months; 19.5% have income committed for a period between three and six months; and 15.9% have income committed for a period of six months to a year.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.