Financial Health Index of Brazilians (I-SFB) 2024
Nádia Lanny L.
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The Financial Health Index of Brazilians (I-SFB) for 2024, developed by FEBRABAN in partnership with the Central Bank, provides a detailed perspective on the evolution of the population's financial health. Compared to previous years, the results show significant improvement.
Financial Health Improvement
The average I-SFB score rose to 56.7 points, the highest value in the last three years, indicating that more Brazilians have moved up to higher financial health tiers, moving out of more vulnerable situations. The "Poor" category, for instance, decreased by 1.5 percentage points compared to 2023, while the higher tiers increased by 1 percentage point compared to 2023.
Challenges Still Persist
However, considerable challenges remain. About 32.8% of Brazilians reported that their expenses exceeded their income in the past 12 months, underscoring the need for more financial education and policies that promote financial balance for families. Another key issue is the lack of confidence in financial stability for the future: 67.2% of respondents said they do not feel secure about ensuring their financial stability in the future. Financial education is thus crucial to amplifying these gains, as many still struggle to save or plan for unforeseen events.
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A Country in Transition
The FEBRABAN Index reveals a population in transition: while progress is evident, a significant portion of Brazilians still face difficulties in keeping their finances in order and lack emergency savings. These findings are reflected in the Serasa Delinquency Map, which reported a slight increase in delinquency rates in September 2024 compared to the previous month. According to the survey, 44.87% of adult Brazilians are in default, reflecting the challenges of maintaining budget balance amidst high inflation and elevated interest rates.
A Warning for the Fragility of Recovery
Although the financial health index points to improvements, the increase in delinquency rates is a warning sign of the fragility of financial recovery for Brazilian families. While financial education and self-control are fundamental to improving financial health, it is clear that the broader economic environment also plays a crucial role. In summary, the advancement in the population's financial health is a positive sign, but the rise in delinquency reinforces the importance of structural and educational measures to consolidate this progress and make it sustainable over time.
To learn more about the financial health of Brazilians and gain a deeper understanding of the challenges and progress, download the complete studies through the links below and expand your knowledge: