Most Brazilians admit to understanding little of financial education

by Marcelo Moreira

According to the 17th edition of the Febraban Observatory Research, most Brazilians (55%) admits that you understand little or nothing about financial educationbut recognizes the importance of the theme. The survey also shows that, despite 75% of interviewees control personal finances39% claim to be indebted.

Held between June 12 and 26, with 3,000 people in the five regions of the country, the survey investigated the population’s perception of financial education. The most recent edition of the Brazilian Federation of Banks Observatory (Febraban) also made an overview of the indebtedness of Brazilian families and the impact of online bets, Bets, on their budget.

Among 39% that claimed to have debts23% believe they will end the most indebted year than they were at the end of last year and almost half (48%) expect to reduce their indebtedness level. Still among the indebted, 77% realize that the issue affects your mental health or quality of life.

The survey also shows that six out of ten respondents often use (34%) or sometimes (27%) some form of credit access – either by card, loan or others. Most of the population uses at least one financial product, especially credit card (66%).

According to the data collected, 81%of Brazilians evaluate the impact of online bets on family budgets as very negative (50%) or negative (31%). Almost 40% of respondents report to know someone close or have been personally harmed by the Bets.

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