Brazilians will moderate their fin decisions

Acrefi (National Association of Credit, Financial and investing institutions) and TNS Brazil, global leader in adhoc research joined forces to make a research about Brazilians’ financial situation and how it affects the economical aspirations and behavior of the country. The first wave of this research was done just after the elections in October 2014 and the second wave is measuring the perceptions after the 100 days of Dilma Rouseff, the current president.

Brazilians’ perceptions about the situation of the country in 2015 are getting worse. The survey shows that 64% of Brazilians consider that the country will reduce their growth (compared with 31% in 2014), 62% consider that their families’ consumption will also be affected (33% more than in 2014) and finally 80% consider that the interest rate will also be affected vs 49% in 2014. In this scenario, 7 out of 10 Brazilians state that they feel worried about their future, 21% more than in 2014.

Talking about their personal economic situation, 4 out of 10 consider that their economic situation will be worse therefore 85% say that they will save more.

When we asked their general evaluation of the current Brazilian situation 66% of Brazilians considered that is bad or very bad. According to them the entities responsible of this situation are the Federal Government 73%, then the Congress 61% and finally the Private Sector 24%.

When comparing the two waves it also decreased the number of people willing to acquire a loan 24% vs 39% in 2014. In the scenario of asking people or a bank to lend them money they will be investing it in a house 55% or a car 51%.

About their current financial situation 62% recognized that they have debts. 72% in Credit Cards, 31% in Payment booklets, 22% in Car loans and 15% in home loans. 8 out of 10 are not willing to acquire more credit this year; 9 out of 10 consider that this decision is related with the increase in the inflation.

This situation is affecting Brazilians behavior, 8 out of 10 consider that due to this economic situation they have changed their consumption habits specifically in categories such as leisure, Feeding, Clothing, Transportation, Healthcare, and education.