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Never before have so many Brazilians been in debt as today

RIO DE JANEIRO, BRAZIL - The economic crisis triggered by the Covid 19 pandemic and its related isolation and containment measures has caused the debt of Brazilian families to reach a new record in July.

According to a survey released Thursday (8/5) by the National Confederation of Commerce in Goods, Services, and Tourism (CNC). The survey shows that 71% of families are currently in debt, the highest since the historical series began in 2010.

This is the third consecutive month in which the percentage has increased. Of delinquent, 10.9% say they are "very indebted" and therefore unable to pay . . .

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