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Nearly 70% of Brazilian families are in debt, highest percentage in more than a decade

RIO DE JANEIRO, BRAZIL - Brazil has reached the end of the first half of this year with the highest percentage of indebted families in more than a decade, according to the National Confederation of Commerce of Goods, Services, and Tourism (CNC).

The Survey of Consumer Debt and Inability to Pay (Peic), conducted since 2010, registered a record 69.7% of Brazilians in June, an increase of 1.7 percentage points compared to May when this percentage was 68.0%. Compared to June 2020, when the percentage of indebted people was 67.1%, the increase was 2.5 points.

The CNC . . .

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