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Number of indebted families in São Paulo sets record – FecomercioSP

RIO DE JANEIRO, BRAZIL - The percentage of indebted families in the city of São Paulo reached 62.7% in May, with consistent growth over the past six months, according to the Consumer Indebtedness and Delinquency Survey, developed by the Federation of Commerce of Goods, Services, and Tourism of the State of São Paulo (FecomercioSP).

The index registered its last drop in November 2020, when it totaled 56.1%, and has since then been growing by an average of 1.1 percentage points per month, nearing the record high of 63.8%, reached in March last year.

According to . . .

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