Savings have a record withdrawal of R$ 33.6 billion in January, reveals Central Bank

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Outflow of resources coincides with traditional spending at the beginning of the year, such as taxes and travel, in addition to a rise in household debt. Withdrawals from savings accounts surpassed deposits by R$33.63 billion in January this year, the Central Bank said this Monday (6). This was the largest monthly net withdrawal (above the volume of deposits) ever recorded by the BC. The historical series of savings began in January 1995. According to the institution, last month deposits totaled R$ 300.78 billion. Withdrawals totaled BRL 334.41 billion. With the outflow of savings resources last month, the stock of deposited values, that is, the total volume invested, registered a drop. In December, it was BRL 998 billion, dropping to BRL 972.6 billion at the end of January. Moment of the economy The movement of savings resources coincides with the traditional expenses at the beginning of the year, such as enrollment and school supplies, in addition to taxes such as IPVA, IPTU in some municipalities, Christmas purchases in installments and vacation trips. According to data from Serasa Experian, almost 70 million Brazilian men and women – a record – are in default and should start the new year in the red. According to the BC, the indebtedness amounted to 49.5% of the accumulated income in the twelve months until November last year. The BC’s historical series for this indicator begins in January 2005. In February 2020, before the Covid-19 pandemic, household debt totaled 41.8%. To address the indebtedness problem, the elected government, of President Luiz Inácio Lula da Silva, is preparing a debt refinancing program – which should also include the Auxílio Brasil payroll. Profitability In 2022, savings had the first year of real income since 2018, after three years of earnings below the official inflation of the country. Last year, the most popular financial application in the country recorded a return of 2%, already discounting the price increase by the Extended National Consumer Price Index (IPCA). A survey by Einar Rivero, from the TradeMap consultancy, shows that only five of the 13 main financial investments in the country showed gains above inflation in the last year. The biggest real gain was recorded by the IHFA, which is a financial market index that calculates the average performance of multimarket investment funds, with an increase of 7.45%. The biggest real loss was registered by bitcoin, with a drop of 68.27% in the year. Real return on investments in 2022: g1

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