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last mo.

Brazil Sets New Record for Household Debt as Overdue Bills Climb to 30.5%

High borrowing costs coupled with job losses are straining budgets, with meaningful relief expected only next year.

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Inadimplência do crediário cai pelo 4º mês e fecha outubro em 7,99%

Overview

  • CNC’s Peic reports 79.5% of families carried debt in October, the third consecutive monthly peak, and 30.5% had installments past due.
  • Surveys attribute the pressure chiefly to unemployment, emergency spending and heavy credit‑card use, with nearly half of overdue debts lingering for more than a year.
  • CNDL/SPC figures show nearly 72 million people ended September with delinquent accounts, an 8.91% increase from a year earlier.
  • Retail installment credit is bucking the broader trend, as the Meu Crediário delinquency index fell for a fourth month to 7.99% in October.
  • Economists expect subdued Black Friday and Christmas sales as the Selic near 15% keeps credit expensive, with any easing seen taking effect mainly in 2026.