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Brazil's Family Debt Hits Record High Amid Economic Strain

3/13/2026

46 10 Full Breakdown

Summary

Story summary

In February 2026, 80.2% of Brazilian families had debt, the highest since 2010, with 29.6% delinquent.
Credit cards account for 85% of this debt, a share that remains dominant.
The average delinquency period is 65.1 months across Brazil.
The Central Bank's Selic rate is 15% currently.
Brazil's external debt rose to a record $397.5 billion, driven by banking sector borrowing.

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Story summary

In February 2026, 80.2% of Brazilian families had debt, the highest since 2010, with 29.6% delinquent.
Credit cards account for 85% of this debt, a share that remains dominant.
The average delinquency period is 65.1 months across Brazil.
The Central Bank's Selic rate is 15% currently.
Brazil's external debt rose to a record $397.5 billion, driven by banking sector borrowing.