THE default affects all ages, but each generation experiences this challenge differently. Understanding these particularities is essential to create solutions more effective, empathetic and adapted to each reality.
Different generations facing default
In 2024, Brazil surpassed the 73 million defaulters, according to Serasa. Although the numbers are high, default manifests itself differently between generations, with their own causes, behaviors and challenges.
Generation Z and Millennials
These generations are highly connected and have broad access to digital credit, cards, shopping apps. However, this convenience comes with a risk: lack of control.
More than 15 million Generation Z youth are already in default, which represents 11.9% of the national total. impacted by low wages, lack of financial education, unemployment and social pressure by consumption.
Already the Millennials, responsible for 34.1% of default, face the challenge of balancing accumulated debts, instability in the job market and a financial life still under construction.
Generation X
Generation X accounts for the largest share of Brazilian defaults: 35.1% of casesThis happens because many people in this age group support families, have ongoing financing (such as a house and car) and often serve as financial support for elderly parents or children.
Baby Boomer Generation
Despite the more conservative profile, Brazilians over 60 years old represent 19.1% of national defaultMany are guarantors for family members, help grandchildren, or are victims of digital scams. Furthermore, face difficulties with technology and lack of support, which makes debt renegotiation difficult.
Way Back is here to help!
A Way Back offers customized solutions to help everyone, regardless of generation, to negotiate their debts in a humane and accessible way. With digital channels and personalized strategies, we promote the recovery of financial health.
Sources: BNews, UOL, Monitor Mercantil, Serasa
