Brazil consumer default hits record 84.2M, up 6% since Sept

Serasa data shows Brazilian consumer default reached a record 84.2 million people in October 2026, a 6% increase from September, with average debt per person at R$ 7,093.83. This signals deteriorating household financial health and rising credit stress, which could pressure consumption and economic growth. The trend is consistent with a high-interest-rate environment, but the magnitude of the increase suggests accelerating strain.

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