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Brazilians invest less and commit budget more to taxes and debt

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investimento, planilha, gráficos, calculadora, dinheiro, dívida (Foto: Pexels)

(Photo: Pexels)

The Brazilian is investing less and paying more debt and taxes, shows the Household Budget Survey (POF) 2017-2018, released this Friday by IBGE. According to the study, of the total monthly household expenditures, the share destined to increase equity fell from 4.8% in 2009 to 4.1% in 2018. Meanwhile, the portion destined to pay taxes rose from 10.9 % to 11.7% and for repayment of loans and installments from 2% to 3.2% in the same period.

IBGE considers the increase in assets as the purchase and renovation of real estate and other investments. This expenditure plummeted over the nearly 30 years that passed between the previous survey that originated the POF in 1975 and the first Household Budget Survey of 2003. Back then, this expenditure represented 16.5% of the total, and since the 2000s it has been around 4%.

The POF is the most detailed survey of Brazilian consumption patterns. It has been held since the 1970s. In this edition, she has visited close to 58,000 of the 70 million Brazilian households in 1,900 cities. Data collection lasted one year. The families who participated in the survey had to fill out notebooks and questionnaires with all their spending habits. On average, they consisted of 3 people.

Based on this survey, IBGE updates the basket of items that make up the Broad Consumer Price Index (IPCA), which is Brazil's official inflation. A detailed note of how data collected last year will influence the composition of this indicator should be released in the coming weeks.

With the survey it will also be possible to identify how many Brazilian families live in food insecurity. That is, they have scarce access to food and may be starving.

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