Percentage of Indebted Brazilian Families Rises Further, Reaching 64 Percent

This is the highest since July 2013. The proportion of families with overdue bills or debts fell from 24.1 percent in May to 23.6 percent in June - the first drop this year.

RIO DE JANEIRO, BRAZIL - Family indebtedness registered its sixth consecutive increase in June, according to a monthly survey released on Tuesday, July 9th, by the National Confederation of Trade in Goods, Services and Tourism (CNC).

In June, the percentage of indebted Brazilian families reached 64 percent, compared to 63.4 percent in May. This is the highest rate since July 2013 (65.2 percent).

The percentage of households with overdue bills or debts, however, decreased in June 2019, compared to the immediately preceding month, dropping from 24.1 percent to 23.6 percent of the total -- the first decrease of . . .

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