1970-01-01 00:00:00
Almost 79% of Brazilian households are in debt, according to the latest Consumer Debt and Default Survey by the CNC (National Confederation of Commerce of Goods, Services and Tourism), released this Thursday (4).
And almost a third of the people are in arrears — 28.8%.
Firmly, families rely on credit, but high interest rates mean that the debt is increasing.
The middle class that earns 5 to 8 minimum wages goes into debt. Most of them did not vote for Lula. But when the President of the Republic angers Selic, he echoes the dissatisfaction of this entire group.
The lower middle class has a different profile, earning between 2 and 5 minimum wages. It depends on public education and health services, but it is emancipated from the State: it does not receive benefits such as Bolsa Família.
Improvements have been made, but it is still not safe. The population is afraid of losing what they have achieved. He doesn’t care about Lula or Bolsonaro. You just need reassurance that you won’t lose everything. High interest rates are scary.
E inflation it scares a lot. That’s why Lula backed down after weeks of insults against the Central Bank.
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